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About Budget Summary - HB 5001 Conference Report
The budget totals $112.1 billion and allocates $8.9 billion to reserves. It provides a $1 billion inflation fund and increases state employee pay by 5.38% to address rising costs. Over $1.9 billion is allocated to education capital projects. K-12 education sees a $1.69 billion funding increase, with additional funds for teacher pay raises, school safety, and mental health. The state college and university systems receive funding boosts with no tuition increases.
Detailed Information
| Author: | ['Deanna Gugel'] |
|---|---|
| Publication Year: | 2022 |
| Pages: | 16 |
| Language: | English |
| Format: | |
| Price: | FREE |
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