HB 270 – Permanent Mineral Trust Fund-Spending Policy
We Are Watching This Bill.
Summary: AN ACT relating to public funds; amending spending policy amounts for earnings from the investment of permanent funds; and providing for an effective date.
This reduces annual spending for school districts from 5% to 4.5% which is a reduction of approximately $25M.
Why It Matters: We're watching this bill as it pertains to education funding.