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In 2024, hedge fund manager Brian Heywood launched a campaign entitled Let's Go Washington to promote six initiatives, including the November 5, 2024 Initiative 2109, which would repeal the capital gains tax. [33] I-2109 would " decrease funding for K-12 education, higher education, school construction, early learning, and childcare."
Education Department’s role in K-12 schools. The majority of K-12 public school funding money comes from state and local governments through a mix of state income taxes, state sales taxes and ...
Derisma (2013) claimed that “using state taxes to fund public education has the potential to create funding insecurities. To begin, state tax revenues are largely generated from income and sales taxes. Income and sales tax revenue are not stable sources and have the propensity to drop in times of recession” (p. 122). [13]
Alabama Trust Fund: 2.5: June 2016 [9] Petroleum: 8 Utah: State School Fund 2.0: March 2015 [10] Public lands 9 Oregon: Oregon Common School Fund: 1.4: December 2016 [11] Public lands 10 Louisiana: Louisiana Education Quality Trust Fund: 1.3: June 2016 [12] Petroleum: 11 Montana: Coal Severance Tax Trust Fund & Public School Trust 1.2: June ...
Illinois, however, which imposes a 4.95% fixed tax, has a flat tax because when the tax was first implemented, it was unclear whether a progressive income tax was constitutional under the state ...
Washington state Democrats appeared to have accidentally emailed their sweeping revenue plans and internal talking points on tax hikes to the entirety of the upper chamber's members in Olympia ...
529 plans are named after section 529 of the Internal Revenue Code—26 U.S.C. § 529.While most plans allow investors from out of state, there can be significant state tax advantages and other benefits, such as matching grant and scholarship opportunities, protection from creditors and exemption from state financial aid calculations for investors who invest in 529 plans in their state of ...
Jan. 22—OLYMPIA — Washington schools could get multi-lingual if the Legislature passes a bill heard in a House of Representatives committee Monday. The bill would direct the Office of the ...