04/23/14 - 9:24pm
JUNEAU — Lawmakers late Wednesday announced a tentative deal on an education package, the issue that sent them into an extended legislative session.
The compromise, unveiled in a conference committee Wednesday evening, calls for $300 million in additional public school spending over the next three years. Half that amount, $150 million, would go toward the per-pupil funding formula known as the base student allocation, amounting to an increase in the formula of $250 over the three years. The rest would be provided to districts outside the formula.