Here is the new plan that seems to be the focus of most of the legislators. There are 3 or 4 plans circulating, but this seems to have the most buy in from Dems and Reps.
Here’s how the numbers break down:
Teacher Pay Plan:
Revenue
Here’s how the numbers break down:
Teacher Pay Plan:
Revenue
- 5% Gross Production Tax = $200M
- $1.50 Cigarette Tax = $250M
- .06 Cent Fuel Tax = $172M
- Cap Gains Exemption = $120M
- Itemized Deduction Cap = $108M
- Hotel/Motel Tax = $50M
- Ball and Dice = $22m
- Total = $922M
- $209M = $5,000 Teacher Raise
- $65M = $2,500 Support Staff Raise
- $75M = School Supplies
- $250M = Healthcare
- $71M = State Employee Raise
- Total = $670M
- $252 M