Tag

Education Funding

All articles tagged with #education funding

business2 hours ago•9 min saved

Can Trump's Baby Savings Plan Deliver for America's Kids?

BBC reports on the launch of Trump Accounts, a new US children’s savings scheme offering a $1,000 starter for babies born 2025–2028 and up to $5,000 yearly contributions, invested in a low-cost index fund; while officials say it expands stock ownership for kids, critics say it’s too complex and may mainly help relatively well-off families; as of launch, about six million families had signed up and deposits reached around $125 million, with projected outcomes ranging from roughly $6,000 by 18 with no further contributions to potentially $271,000 with max annual input.

via BBC|

#business #education-funding #personal-finance

politics7 days ago•10 min saved

Michigan ends marathon budget sprint with an $84B plan

After nearly 24 hours, Michigan lawmakers approved an $84 billion budget for FY2027 and sent 67 policy bills to Gov. Gretchen Whitmer, missing the July 1 deadline but avoiding a government shutdown; the package relies on accounting tricks to mask federal education funding shifts, increases per-pupil funding and literacy investments, includes $125 million in earmarks, and rejects new taxes while reallocating funds elsewhere.

via Bridge Michigan|

#budget #earmarks #education-funding

politics7 days ago•6 min saved

Michigan lawmakers seal a tough, compromise budget after a 23-hour session

Lawmakers in Michigan approved about an $84 billion state budget after a near day-long marathon, closing a $1 billion revenue gap with spending shifts that pull more money to higher education and literacy efforts while cutting several programs and departments (including Pure Michigan and arts funding). The plan increases the per-pupil foundation and raises literacy funding, boosts university funding, and includes $125 million for special projects, alongside a move to expand a brownfield incentive and a measure barring former lawmakers from lobbying for two years after leaving office. The process came after months of negotiation and late votes well past the deadline.

via The Detroit News|

#budget #education-funding #governance

politics21 days ago•12 min saved

California Billionaire Tax Moves to November Ballot, Sparking Budget Debate

Secretary of State Shirley Weber certified the California Billionaire Tax Act, sending it to the November ballot. The measure would impose a one-time 5% wealth tax on assets such as art, stocks and bonds to raise about $100 billion to backfill federal funding cuts to K-12 education, Medi-Cal, and CalFresh. Critics warn it could worsen the state’s budget gap and drive billionaires to relocate, while supporters say it would address inequality and ensure the wealthy pay their fair share; the debate is underscored by high-profile relocations of billionaires like Zuckerberg and Page/Brin.

via The Center Square|

#ballot-initiative #billionaires #california

politics1 month ago•12 min saved

Illinois budget near-final shape as session deadline looms

Illinois Senate filed a late, roughly $55.9 billion FY2027 budget with revenue specifics still undisclosed; the plan preserves pension funding and K-12 funding, keeps local funding intact, and includes a school-supplies sales tax holiday along with a freeze on the 1.3-cent gas tax increase. Lawmakers would receive about a 3% pay raise; funding relies on fund sweeps, and a separate Budget Implementation Bill would provide a one-time $400 payment for SNAP beneficiaries affected by new federal rules under the FRESH program. Adjournment is imminent as tax details remain under negotiation.

via Capitol News Illinois|

#budget #education-funding #illinois

politics1 month ago•3 min saved

Louisiana Gov. Landry Proposes $150 Million Reallocation to Protect Teacher Pay

Gov. Jeff Landry proposes diverting about $150 million from the K-12 funding formula’s non-instructional programs to cover a planned $2,000 teacher stipend, a plan that would require an executive order after the session and two-thirds legislative approval by mail and could affect administrator funding and other state employee raises if teachers’ pay is protected.

via Louisiana Illuminator|

#education-funding #executive-order #louisiana

business1 month ago•3 min saved

Bezos questions NYC school funding, urges root-cause fixes over tax hikes

Jeff Bezos said on CNBC that New York City's public-school spending (about $44,000 per student) is inefficient and wouldn’t be tolerated in business, arguing funds don’t reach teachers and calling for root-cause solutions rather than higher taxes on the wealthy; NYC Mayor Zohran Mamdani responded, while Bezos and the family later pledged up to $150 million for early childhood education in NYC (including a $100 million donation and $25 million contingent on matching funds) to support expanded childcare programs.

via The Times of India|

#business #education-funding #jeff-bezos

louisiana-politics1 month ago•4 min saved

Louisiana Voters Defeat Landry-Backed Amendments Amid Backlash Over Redistricting and Court Clerk Move

Louisiana voters rejected four of five constitutional amendments backed by Gov. Jeff Landry, including Amendment 3 to guarantee teacher pay raises, as anger over the governor’s redistricting map and the abolition of an elected New Orleans court clerk spurred turnout and opposition from Black and Democratic groups.

via Louisiana Illuminator|

#amendments #education-funding #elections

policy1 month ago•6 min saved

Missouri's Zero Income Tax Plan Sparks Education Funding and Budget Worries

Missouri lawmakers are weighing a ballot measure to eliminate the state income tax, potentially paired with a sales tax expansion, a move supporters say would boost competitiveness and give residents more take-home pay; critics warn it could devastate public education funding and hit lower- and middle-income families hardest, citing Kansas' 2010s tax cuts that left a budget shortfall and districts cutting time and money for schools. The plan's supporters argue revenue growth could offset losses, but evidence from other states is mixed and opponents question whether a switch to higher sales taxes would really help the budget or residents.

via The Guardian|

#education-funding #income-tax #kansas-experiment

politics1 month ago•7 min saved

NC budget pact promises teacher raises, law enforcement pay bumps

North Carolina lawmakers announced a budget deal that would raise starting teacher pay to $48,000 (about $53,000 with local supplements), deliver an average 8% raise for teachers plus tenure-based one-time bonuses, and provide sizable raises for state employees and law enforcement (roughly 13% on average, with larger boosts for SBI/ALE and other agencies). The package also includes 3% raises for principals and other school personnel; raises would take effect in the new fiscal year if the bill passes before July 1, with bonuses paid on July 1. The deal remains to be filed into legislation and awaits Gov. Stein’s signature.

via Raleigh News & Observer|

#education-funding #law-enforcement #north-carolina

politics1 month ago•6 min saved

Colorado Voters to Lock TABOR Refunds into Expanded K-12 Funding

Colorado voters will decide in November whether to allow the state to keep TABOR refunds and raise the cap to match the maximum annual K-12 spending, starting with a 2% increase in K-12 funding (about $107 million in year one) and directing the rest of any surplus to other kids’ programs; at least half of each year's TABOR surplus would go to K-12, with full implementation expected to take about a decade, and the measure does not require governor approval to appear on the ballot. Supporters say it would boost teacher pay and reduce turnover; opponents worry about expanding government beyond the cap.

via The Colorado Sun|

#ballot-measure #colorado #education-funding

politics2 months ago•5 min saved

Wisconsin lawmakers back $1.8B surplus plan for tax relief and education

Gov. Tony Evers and GOP leaders unveiled an about $1.8 billion plan to spend Wisconsin’s budget surplus on tax relief and education, including $850 million in direct payments, eliminating state income tax on overtime pay and tipped earnings, and boosting K-12 funding by $600 million, while leaving the rainy-day fund intact. The package would mail up to $600 per married couple or $300 per person to roughly 3 million residents by November, but drew criticism from Senate Democrats and gubernatorial candidates who call it expensive; leaders say votes are likely after a special-session path, with the budget committee moving it on Tuesday and full Legislature debate possible as early as Wednesday.

via WPR|

#budget-surplus #direct-payments #education-funding

education-and-elections2 months ago•31 min saved

Ohio voters curb school funding measures amid tax concerns

In the May 5, 2026 primary, Ohio voters rejected most new property and income tax levies for K-12 schools (24 of 66 passed), while about 3 in 4 renewal levies were approved. The results suggest fatigue with new school funding via tax hikes despite aging district infrastructure and state funding gaps, leaving districts to consider potential cuts. Libraries fared better overall, and the broader political context includes debates over public versus private education funding and calls for cost-cutting or consolidation in schools.

via Signal Ohio|

#education-and-elections #education-funding #election-2026

politics-and-government2 months ago•21 min saved

NC educators rally in Raleigh for higher pay and school funding

Thousands of educators and supporters marched in Raleigh for pay raises and more funding for public schools, organized by the North Carolina Association of Educators as part of the May Day Strong movement; the event prompted at least 22 districts to cancel classes, featured a Petey Pablo performance, and centered on pressing lawmakers to back Senate Bill 943, the Kids Over Corporations Act, to boost education funding in the state.

via News & Observer|

#budget #education-funding #may-day-strong

politics2 months ago•4 min saved

High Court weighs faith-based exemptions in Colorado’s universal pre-K amid LGBTQ protections

The Supreme Court agreed to hear St. Mary Catholic Parish v. Roy to decide whether Colorado can exclude Catholic preschools from its universal pre-K program for not enrolling children with same-sex parents, testing how religious freedom interacts with state anti-discrimination laws. Lower courts upheld the state's authority to require compliance, and the Trump administration backs the Catholic schools. The case appears unlikely to overturn Employment Division v. Smith but could clarify when states must grant exemptions in universal programs under RFRA and related doctrine, with Colorado’s program funded by tobacco taxes and aimed at providing 15 hours of preschool weekly.

via Politico|

#colorado #education-funding #lgbtq