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Senate backs creating an education reserve from school fund, advancing SB98
Summary
The Senate approved placing Senate Bill 98 on the third‑reading calendar to create a 10% reserve from the Uniform School Fund for education, with supporters citing a $94 million fund balance and opponents warning of poor fiscal messaging and impacts on supplementals.
Senate Bill 98, proposing a reserve drawn from the Uniform School Fund to create an Education Budget Reserve Account, passed on Jan. 25 to the third‑reading calendar after floor debate.
Sponsor Senator Hilliard described the measure as a way to build a dedicated savings account for public education, modeled on the existing general‑fund rainy day fund. He said the special reserve would take up to 10% of…
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