Ducey: Rainy day fund increase would protect Arizona education funding

Apr 16, 2019, 6:55 AM
(AP Photo/Ross D. Franklin)...
(AP Photo/Ross D. Franklin)
(AP Photo/Ross D. Franklin)

PHOENIX — Arizona Gov. Doug Ducey says an increase to the state’s rainy day fund would protect future education funding.

Last week, he signed a bill that would allow the rainy day fund to hold up to $1 billion if lawmakers approve the deposit.

“Right now we have about $450 million in the rainy day fund, and what I want to do is take that balance to $1 billion to protect education,” he told KTAR News 92.3 FM’s Mac & Gaydos on Monday.

He said the idea is to hedge the state’s bets against any future economic downturn.

“Right now our economy is really booming … so we’re going to take $637 million of it this year and put that into education,” he said.

“But what I’m thinking about as the chief executive was, remember 2008? … If we behave and think and spend like this economy’s never going to end, that’s how the rug got pulled out from under the teachers.”

Ducey said along with these savings, an increase in funding for performance-based bonuses would also help Arizona schools succeed.

His 2020 budget calls for $98 million to go toward these bonuses, up from the $39 million allocated for them in 2017.

“We try to put the incentive there … and we carve it out so that they go to the free- and reduced-lunch schools, 60% of the dollars will go there, so they go to the schools that are in the low-income areas,” he said.

“It’s about getting the results and the outcomes inside the classroom.”

He said he thinks the bonuses could help Arizona continue to improve its math and reading test scores.

“So we’re expanding a program that we believe works. It’ll be available to hundreds of more schools because of (the funding),” he said.

We want to hear from you.

Have a story idea or tip? Pass it along to the KTAR News team here.

Arizona News

(Facebook Photo/Phoenix Police Department)...

Man in critical condition after collision between dirt bike and Phoenix Police SUV

A man riding a dirt bike was taken to the hospital in critical condition Wednesday evening after being involved in a collision with a fully marked Phoenix Police SUV, authorities said.
1 day ago
(Photo provided by Arizona Humane Society)...

Arizona Humane Society offering half-off adoption fees for all pets through Sunday

As the Arizona Humane Society continues to care for an overflow of animals, adoption fees for all of its pets will be cut down through Sunday.
1 day ago
Stacey Abrams (AP file photo/Steve Helber)...

Stacey Abrams’ group wipes out medical debts for thousands in Arizona, 4 other states

A political organization led by prominent Democrat Stacey Abrams donated $1.34 million to wipe out medical debts for thousands in Arizona and four other states.
1 day ago
Christian Solorio (Alhambra Elementary School District photo)...

Board of Supervisors appoints Christian Solorio to vacant Arizona House seat

The Maricopa County Board of Supervisors on Wednesday appointed Christian Solorio to fill the Arizona House seat vacated by fellow Democrat Raquel Teran.
1 day ago
(Twitter Photo/ADOT)...

Westbound Interstate 10 reopens in Chandler following crash

A crash closed westbound Interstate 10 in Chandler for about an hour on Wednesday afternoon during rush hour.
1 day ago
(Photo by Gene Lower/Getty Images)...
Danny Shapiro

Arizona Cardinals game to jam freeways Thursday evening for commuters

The Arizona Cardinals host the Green Bay Packers in the weekly Thursday night NFL game, an event that will jam metro Phoenix freeways during rush hour.
1 day ago

Sponsored Articles


How your family can explore the Musical Instrument Museum

Whether you want to spend a day with family, do crafts with kids at home, or have an adult night out, the Musical Instrument Museum in Phoenix has options. As the world’s only global musical instrument museum, MIM offers interactive and immersive exhibits to foster an appreciation of different cultures and their instruments. “A visit […]
Schwartz Laser Eye Center

How to sharpen your vision with elective procedures

Imagine opening your eyes in the morning and being able to see clearly. You wouldn’t have to wait to put on glasses or contacts, and there would be no more blurry showers nor forgetting where your glasses are.
PNC Bank

How one organization supports early childhood literacy for the most vulnerable

Nearly two out of every three children in low-income communities don’t own a single children’s book, a fact that ultimately could have profound impacts even before entering kindergarten, according to Arizona nonprofit Southwest Human Development.
Ducey: Rainy day fund increase would protect Arizona education funding