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Stivers: Rising property values could ease demand for big infusion of state education money
Reported by: Associated Press
Reported: Friday, December 20, 2013 1:38 PM EST
State Senate President Robert Stivers says rising property values in Kentucky could ease demand for a massive infusion of state funding for education.
School funding figures to dominate the debate when lawmakers craft a new state budget next year.
Education leaders are pressing lawmakers to restore funding to pre-recession levels. The Department of Education has asked lawmakers for $336 million more in state funding for the two-year budget cycle that begins in July.
Stivers says such a large infusion of state money may be unnecessary, due to the prospect of rising property values as Kentucky's economy recovers from the recession. Local property taxes are a key funding source for schools.