SCHOOL FINANCE. Western Red State School Finance Bill Hailed by Business Leaders.

The state: Arizona

The school finance background: In late 2015, the Arizona legislature passed a reform package in response to a 2014 AZ Supreme Court cases requiring an influx of education funding of $331 million a year

The numbers behind the AZ school finance deal:

• $3.5 billion over 10 years, with annual increases of  $300 million to $400 million
• Has to be approved by voters
• $4.5 billion is the total AZ education budget

The response from the business community: Arizona Chamber of Commerce and Industry called it a huge win:

• “This is probably the most aggressive funding plan on the table in the country,”

AZ Republic | Funding deal doesn’t fix all Arizona school problems