Stivers Says Rising Property Values Could Decrease Need for Education Funding

Dec 20, 2013

Credit KY LRC

State Senate President Robert Stivers says rising Kentucky property values could ease the demand for school funding.

The Republican says he's open to increasing the state’s share of elementary and secondary education money. Education leaders are pressing lawmakers to restore funding to pre-recession levels. The Department of Education wants $336 million from the Commonwealth for the two-year budget cycle that begins in July.

Stivers says a large infusion of state money may be unnecessary property values should go up as Kentucky’s economy recovers. Local property taxes are a key funding source for schools.