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About Illinois Valley news. (Cave City, Oregon) 1937-current | View Entire Issue (July 30, 2003)
Illinois Valley News, Cave Junction, OR Wednesday, July 30, 2003 Page 6 HB 5077 provides more than $5 billion for education Legislation that pro- vides $5.05 billion for pub- lic schools, which when combined with savings from pension reforms and other cost efficiencies, will give schools the equivalent of $5.3 billion in state funding has been passed by the Oregon House. This level of funding will ensure a full school year and maintain the qual- ity education that Oregon schools provide, said Speaker Karen Minnis (R- District 49) of the House of Representatives. “This is an affordable and responsible budget,” said Minnis. “This bill gives schools the funding they need to ensure a full school year and represents an increase from last year’s budget.” House Bill 5077 repre- sents the same level of funding advocated by the governor in his executive budget proposal and his revised budget proposal. In fact, said Minnis, the gov- ernor has said that at $5.05 billion, “This level of funding prevents further erosion from revenue shortfalls during the 2001- 03 biennium and sets the expectation that class days will not be reduced with this funding level.” Besides the funding of $5.05 billion in HB 5077, school districts will realize savings of approximately $250 million from reforms of the Public Employee Retirement System (PERS) and other cost efficiencies enacted by the 72nd legis- lative assembly. The PERS rate is set for the next two years and will not change, said Minnis. If the general economy improves, and if revenues into the state’s general fund increase, an addi- tional $250 million in gen- eral fund support may be triggered, Minnis indi- cated. The total funding for public schools, including costs savings, would be more than $5.3 billion in cash, she added. $59 IT’S NOT TOO LATE!! Biscuit Fire Commemorative Page in full color will be coming out August 6. Deadline for ad copy is Thursday, July 31 - 3 p.m. Phone the ’Noose’ at 592-2541 New & Renewals Puts your ad in every week for THREE FULL MONTHS No changes - paid in advance Income Tax Service, Ted Crocker, LTC (541) 592-3667 •Tax Planning •Tax Preparation •Mutual Funds •IRAs Ted Crocker, Registered Representative Securities offered through H.D. Vest Investment Securities, Inc. Member: SIPC 6333 North State Hwy. 161, Fourth Floor, Irving, TX 95038, (972) 870-6000 Coming together is a beginning; keeping together is progress; working together is success. - Henry Ford - ‘M Y T HREE S ONS C LEANING S ERVICE ’ Carpets - Windows - Upholstery Licensed - Insured - Bonded 596-2113 CCB #156237 Formal Wear *Formal Gowns *Tuxedo Rentals *Gorilla Grams *Balloon Bouquets American Legion Auxiliary Unit 70 Rummage and Bake Sale Saturday, Aug. 2 - 9 a.m. to 3 p.m. American Legion Hall 2110 Caves Hwy. (541) 479-8820 Please don’t litter
