State lawmakers propose a plan to increase teacher salaries in Arizona by $4,000 a year without raising taxes. The plan involves extending Proposition 123, which currently generates funding for education by tapping into the state land trust fund. The proposal by Senators J.D. Mesnard and Rep. Matt Gress aims to raise teacher salaries above the national average by extending the trust fund withdrawals for another decade.
However, State Treasurer Kimberly Yee opposes the plan, arguing that the financial sustainability of the trust could be at risk. Governor Katie Hobbs has her own plan to increase teacher salaries by taking more money out of the trust. Both plans aim to address the issue of low teacher salaries in Arizona and attract more qualified educators to the state.
The proposal by Mesnard and Gress would focus solely on raising teacher salaries, while Hobbs’ plan includes funding for support staff as well. The debate over the withdrawal rate from the trust fund continues, with Yee warning against dangerously high withdrawal rates. The ultimate goal is to improve teacher salaries in Arizona and move the state closer to the national average.
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