Ken Bennett, chair of the Senate Education Committee, tells 12News it is a “legitimate concern.”
Prop 123 was used to settle a massive lawsuit over K-12 funding levels. It diverts more than $300 million annually from the State Land Trust for per-pupil funding.PHOENIX — The Arizona business community is urging state leaders to come to an agreement on a vital school funding mechanism set to expire next year.
“If we can’t get movement during the regular session then that’s an option. Another option is do it at a later date through a special election,” Hobbs said.Bennett: House Republicans want percentage at 5.5% “To me, the compromise is 6.9%. That’s where it’s been at in the past. We have a proven track record we can pay out that much money without damaging the principal trust fund,” Bennett said.
Hobbs: A booming economy means the state can increase its spend on schools — if voters authorize it at allYou can now watch 12News content anytime, anywhere thanks to the 12News+ app!
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