Budget compromise out
Late Monday night, the Senate posted its compromise spending plan. Teacher assistants may be breathing a little easier.
Posted — UpdatedI haven’t had a chance yet to read through it all, but many of the teacher assistant cuts appear to be gone. The latest deal strikes the earlier $390M in cuts specifically targeted at teacher assistants, although it adds back another $100 million or so in cuts to general LEA funding.
The budget for K-12 has gone from $7.22 B to $7.46 B, so they’ve added in another $240M total.
The budget's overall new bottom line is $19.68 billion – about halfway between the Senate's $19.4 B proposal and the gov’s $19.9 B plan.
Looks like they've reduced the tax cut package by about $50 million, removing the quarter-percent income tax cut but keeping the exemption for the first $50,000 of business income. They've also taken back next year's corporate tax money earmarked for school construction for another $72 million. I'm still looking for the rest of the money.
There must be some other changes, too, since the new bill is substantially shorter than the last version. As I find them, I'll post here.
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