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Lawmakers are now asking questions of state schools Supt. Tom Luna about his far-reaching proposal for budget savings of $135 million in the overall, all-funds public school budget next year, through a combination of new cuts and draining several other funds. Among the questions: If he’s talked with other state Land Board members about tapping the endowment earnings reserve. Luna said he’s discussed it.
Luna said he’s hopeful his $25.2 million in targeted cuts and the $58.3 million from draining other funds would be enough, but if that combined $83.5 million in savings isn’t enough, he’d recommend the additional across-the-board cuts in specific line items for the additional savings. If that were an across-the-board cut of 3.74 percent, it’d save the additional $51 million to match the total savings to the governor’s recommended school budget for next year.
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