Kaine Outlines Cuts to Education
Gov. Tim Kaine has outlined how he plans to cut funding from the State’s budget for education. The Governor already released his budget amendments back in December, so this wasn’t much of a surprise. As expected, it is not pretty. The Governor delivered his recommendations to the State Board of Education today.
Here is the story via the AP:
RICHMOND, Va. (AP) – Gov. Timothy M. Kaine’s proposed budget for 2008-2010 would trim nearly $700 million from Virginia’s public education system. A report presented Thursday to the state Board of Education detailed Kaine’s amendments to the Direct Aid to Public Education budget. The proposed reductions come in light of a projected $2.9 billion drop in general fund revenues stemming from the nationwide economic meltdown.
The proposed amendments to the 2008-2010 budget would reduce state funding for K-12 education by $96.1 million in the 2009 fiscal year, which ends June 30, and by $602.6 million in fiscal year 2010, which starts July 1. The report says the proposed cuts would reduce state funding to local school divisions by $375 million, or 6 percent, from the current to the next fiscal year.
You read that right, $700 million in cuts. I am working on this story tonight for NBC12 and will have more tonight, beginning in our 5 o’clock newscast.