Prop 123

The Board of Directors of the Greater Flagstaff Chamber of Commerce voted unanimously to endorse Proposition 123. This investment in education is critical to the future of Arizona.

We are in favor of Prop 123 in the May 17 special election and support Governor Ducey’s K-12 education plan to allow additional and sustainable funding that our schools currently do not have.

The plan:

  • Increases base per-pupil funding to $3,600 a year
  • Provides $3.5 billion in additional education funding over 10 years WITHOUT raising taxes
  • Establishes certainty for much-needed K-12 funding by infusing the education system with funds from the State Land Trust
  • Protects the state’s general fund in times of economic downturn

It’s time to put Arizona kids first with this remarkable investment in education.

The plan utilizes the State Land Trust, originally created for Arizona’s children, to infuse the budget with much-needed base funding that is adjusted every year for inflation. The plan also includes protections for the state’s general fund in times of economic downturn. More than a century ago, Arizona’s leaders set up a trust – the state’s Permanent Land Endowment Trust Fund. These are lands our nation entrusted to Arizona for the benefit of public K-12 education. The Land Trust continues to grow and earn interest today and operates on a large capital surplus.

Dollars are then distributed to beneficiaries – mainly to public K-12 education. That was the vision at its inception – that these funds go to our schools, our teachers, our kids

  • Increases base per-pupil funding to $3,600 a year
  • Provides $3.5 billion in additional education funding over 10 years WITHOUT raising taxes
  • Establishes certainty for much-needed K-12 funding by infusing the education system with funds from the State Land Trust
  • Protects the state’s general fund in times of economic downturn

It’s time to put Arizona kids first with this remarkable investment in education.

 The plan utilizes the State Land Trust, originally created for Arizona’s children, to infuse the budget with much-needed base funding that is adjusted every year for inflation. The plan also includes protections for the state’s general fund in times of economic downturn. More than a century ago, Arizona’s leaders set up a trust – the state’s Permanent Land Endowment Trust Fund. These are lands our nation entrusted to Arizona for the benefit of public K-12 education. The Land Trust continues to grow and earn interest today and operates on a large capital surplus.

Dollars are then distributed to beneficiaries – mainly to public K-12 education. That was the vision at its inception – that these funds go to our schools, our teachers, our kids
The K-12 education plan will not hurt the State Land Trust’s solvency. In fact, it includes protections to ensure that it remains strong.
The amount of money in the State Land Trust will increase from over $5 billion at the end of FY15 to approximately $6.5 billion after the ten year plan.
That means while we increase the amount of money we are distributing, we’ll still have more money in the fund than we do today. Additionally, students, teachers and parents will all see a positive impact from this infusion from the State Land Trust.

%d bloggers like this: