Rep. Tom Brower took this photo of Speaker Calvin Say addressing the media and audience during the press conference to announce the end of teacher furloughs. The Governor outlined a 4 part plan:1. Use of SB2124 passed by the Legislature to use the Hurricane Relief Fund. She plans to release $57.2 million of the $67 million appropriated.
2. Use of federal ARRA funds, $2.2 million, for charter school furloughs.
3. Teachers agreed to give up 6 planning days.
4. Banking community agreed to authorize a $10 million line of credit, interest free, if needed.
1 comment:
The "line of credit" tactic is certainly novel, but is it truly allowed by the State Constitution? I am not a lawyer, but as I read it Article 7 says that "bonds" (the definition of which is broad and would encompass any form of debt) may only be authorized for issue by the Lege.
So, what's the scoops?
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