Report: Gov. Ducey education plan would cost $1B in earnings

| June 24, 2015

By Yvonne Wingett Sanchez, • The Republic | azcentral.com

Gov. Doug Ducey’s proposal to add $2 billion to public education over the next decade through a ballot initiative could cost the state about $1 billion in lost investment earnings, a report released Friday said.

The Joint Legislative Budget Committee’s analysis of Ducey’s plan forecasts that the state land trust’s valuations under the current distribution model will be $9.5 billion in 2026, compared with a $6.3 billion fund balance under Ducey’s plan. The $1 billion difference refers to forgone investment earnings because of the lower fund balance under Ducey’s plan.

The report largely confirms projections laid out by Ducey and his staffers in their rollout of the plan earlier this month.

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