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Senate Finance shifts education trust fund allocation to bolster general fund
Summary
The Senate Finance Committee approved changing the split of certain revenues, reducing the Education Trust Fund share from 41% to 35.5% and increasing the general fund to 64.5% to meet projected obligations, with an intended reserve of $25–30 million in the ETF.
The Senate Finance Committee on an unspecified date approved a change to the way certain state revenues are allocated, reducing the share to the Education Trust Fund from 41% to 35.5% and increasing the share to the general fund to 64.5%.
The change was presented during the committee’s review of the Department of Revenue Administration…
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