In addition to once again forward-funding K-12 education to allow school districts more time to plan ahead, the legislature also increased education formula funding by 5.7% this year. The additional $55 million in K-12 education funding completes a three year legislative plan to significantly increase funding to our schools.
In addition, the FY11 capital budget also includes $400 million for school and university construction projects that will be part of a bond proposal to be decided on by voters on this fall’s ballot. The proposed general obligation bond includes funding for the new UAA Sports Arena and other educational facilities statewide.
