The Senate approves increasing funding to K-12 schools which will also mean significant reductions in property taxes.
The $1.8 billion bill has $714 million going into property tax relief.
The bill is a new way of funding schools, which will mean fewer dollars from local governments.
Senator Tim Flakoll says the state will fund 80% of the cost of education.
And a $200,000 home will see a $1,200 reduction in property taxes.
The property tax relief is greater than the total funding we've provided as recently as 2005-2007 biennium so it is significant, it is sustainable. It also includes money to ensure we have quality schools and we'll provide more than $11,000 per child when all things are considered in the second year of the biennium," says Sen. Tim Flakoll / (R) Fargo.
The bill also raises the starting teacher salary to $27,500.
An attempt to increase it to $32,000 failed.
The bill now goes to the House for it's review.