Compromise to cost schools $60 million - TimesDaily: Archives

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Compromise to cost schools $60 million

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Posted: Sunday, January 13, 2013 12:00 am | Updated: 10:44 am, Thu May 30, 2013.

MONTGOMERY — Congress avoided the fiscal cliff, but the result of the New Year’s Day budget compromise now means an estimated $60 million drop in education funding in Alabama.

“It reduces our taxable income,” said state Rep. Jay Love, R-Montgomery, chair of the House committee that oversees the state’s Education Trust Fund.

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