The bill passed 20-15, with all Democrats in favor and all Republicans against. The bill takes effect only if voters approve about $1 billion in higher income taxes.
If it becomes law and voters approve the tax increase, the bill would allocate the revenue this way:
- $100 million annually to the Education Innovation Grant Fund
- $80 million annually for distribution as special education funding
- $6 million annually to a statewide program to provide career opportunities for highly effective educators