By Jeremy Duda | Arizona Capitol Times
Gov. Doug Ducey is planning revisions to his plan to boost K-12 school funding with the state land trust, including one that would address the fiscal cliff the plan leaves at the end of its first five years.
The plan would increase disbursements from the Permanent Land Endowment Trust Fund, which are currently set at 2.5 percent annually, to 10 percent for five years and 5 percent for five years after that. The Ninth Floor estimates that the plan will pump an additional $2.2 billion in K-12 schools’ coffers over the course of a decade, about $1.8 billion of which would come during the first five years.
Related: Experts search for broad compromise to end Arizona school financing chaos/Arizona Capitol Times
