Thu., Oct. 28, 2010
Candidates for guv differ on tapping endowment reserves for schools
Asked whether they'd again dip into the state endowment's earnings reserve fund to avoid cuts to schools next year, the candidates for governor had varying answers. Otter said it "depends upon the shortfall," and it's "going to be hard" to tap that fund again. Kemp said, "The answer is no. ... We need to find bigger, broader systemwide solutions." She advocated phasing out the federal No Child Left Behind program. Allred said he'd tap the fund. "I supported that, I thought it was a good idea," he said. "It is one of a number of options that we'll need to keep education whole in the coming year."