Late Monday afternoon, HB 2 as substituted was voted out of the Senate Committee on Education K-16. The bill is expected to be debated by the full Senate as early as Wednesday, May 21.
As voted out of committee, CSHB 2 includes about $8 billion in funding for public education, with:
- $4.2 billion earmarked for teacher compensation
- Small and mid-sized school adjustment multiplier increased from 0.06 to 0.07, generating $255 million over the biennium (funds may be used for leasing facilities, property taxes, and bond payments)
- $270 million for teacher preparation, certification, and rights
- $1.3 billion for special education
- $677 million for early learning
- $153 million for CTE
- $1.3 billion for school finance reforms that include a $55 increase to the basic allotment
See the summary prepared by legislative staff.
