Does this initiative increase funding for teacher salaries?

A:

This initiative raises money that would go toward teacher salaries and all areas of school district budget. The Fiscal Impact Statement provides details on the distribution:

Education spending requirements. Beginning in FY 2019-20 and until a new public school finance law that meets certain criteria is enacted by the General Assembly, money in the fund must be used to:

  • increase the statewide base per pupil funding for P-12 public education to $7,300;
  • increase state funding for the following programs by at least the following specified amounts over FY 2018-19 levels:
    • " special education by $120 million;
    • " gifted and talented programs by $10 million;
    • " English language proficiency programs by $20 million; and
    • " preschool funding by $10 million;

The above increases are to be adjusted for inflation each year beginning in FY 2020-21.

In addition, the measure expands the number of kindergarten and at-risk students that receive funding through the state's P-12 funding formula. Specifically, the measure requires that:

  • at-risk funding include students qualifying for reduced price lunch; and
  • full day kindergarten funding be increased from 0.58 percent to 1.0 per full time equivalent student.

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