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Kyrene CFO outlines Gov. Hobbs' K-12 budget proposal and Prop 123 implications
Summary
Associate Superintendent and CFO Chris Herman briefed the governing board on the governor's January budget proposal, including proposed increases for inflation, building renewal grants and ongoing funding to offset the scheduled expiration of Proposition 123.
Chris Herman, associate superintendent and chief financial officer, gave the Kyrene Elementary School District governing board a briefing on Governor Hobbs' January budget proposal and its potential implications for the district.
Herman listed the governor's education highlights: $173 million for inflation (using a 2% factor), $29 million to increase district and charter additional assistance (state-funded capital), and roughly $286 million to cover the basic state aid impact if Proposition 123 were allowed to expire. The governor's proposal also included $200 million for building renewal grants (described as $16.7 million…
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