Proposal Uses Pennsylvania Rainy Day Fund To Pay Down Unfunded Pension Liability

A Pennsylvania lawmaker wants to use the state’s Rainy Day Fund to pay down the state’s unfunded pension liabilities that total more than $60 billion.

State Representative Joe Ciresi (D-Royersford) is asking colleagues to cosponsor a bill to move $670 million from the fund to the Public School Employees’ Retirement System (PSERS) and $330 million to the State Employees’ Retirement System (SERS). A memorandum describing his legislation avers it could save local real-estate taxpayers $2.1 billion over the next 20 years. 

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Arkansas Senate Passes Gov. Sarah Huckabee Sanders’ Massive Education Reform Bill

The Republican-led Arkansas Senate Thursday passed Gov. Sarah Huckabee Sanders’ (R) Arkansas LEARNS Act, a comprehensive education reform plan that seeks to eliminate Critical Race Theory (CRT) in classrooms, increase the salaries of teachers, and broaden school choice in order to “empower parents.”

“We are one step closer to unleashing the boldest, most comprehensive, conservative education reform package in the nation — a blueprint for success for the rest of the country,” Huckabee Sanders tweeted.

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Commentary: States Can Make the Difference on an Unjust Teacher Pay Gap

The seemingly-omnipresent call to raise teacher pay is sounding even louder this year, as rising inflation threatens to render moot any raises made in previous years. Yet even before that became apparent, state pay raises for teachers were heading toward a crescendo. There were numerous historic raises in March 2022 alone: Mississippi’s Gov. Tate Reeves signed a pay bump of roughly 10 percent, New Mexico’s Gov. Michelle Lujan Grisham signed a base salary increase average of 20 percent, and Florida’s Gov. Ron DeSantis announced $800 million in additional funds to raise teachers’ starting salaries. In April 2022, Alabama’s Gov. Kay Ivey approved raises that range from 4 to 21 percent depending on teachers’ experience levels.

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