MOUNTAIN OR MOLEHILL?
A JLBC analysis of the Quality Education and Jobs initiative shows that, in its sixth year, the sales tax money earmarked for the “Quality Education and Performance Fund” would dry up. The analysis is based on one interpretation of how revenues from the tax increase are distributed. The proposal sets aside $500 million of the first $1 billion in revenues for the Quality Education and Performance Fund. In FY14, the first year of its implementation, that money is intact, according to the analysis. The initiative also sets aside $125 million each year to pay for inflation in the K-12 system.