tag | Independent Fiscal Office

“two trends are really at work here. One is a large wave of retirements from baby boomers, so moving out of the working age cohort to the retiree cohort. And the second one is declining fertility rates.”

As the details of the next annual spending plan are hammered out, education funding may be both a sticking point and a tool for aggrieved lawmakers.

The state’s share of that will be about $7.3 billion while the other $5.7 billion will go to local governments, officials with the Independent Fiscal Office told the Senate Appropriations Committee on Monday.