Lawmakers eye education budget with tax relief pledge
Leaders anticipate a pact to cut K-12 property tax from 12.5 to about 10 percent, saving $231 million over five years while allowing community colleges to boost levy authorities by $37.5 million over four years. Conference panel approved a $16 million House spending rise plus $6.35 million for university infrastructure and $9.8 million for community colleges, with added funding for early childhood education and teacher quality initiatives.
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Maytag Deal Subject to Approval Affects Ripplewood Bid
Ripplewood plans to acquire Maytag for 975 million in debt relief and growth steps. The board approved the sale, with Tim Collins noting global low cost production and new products, while local officials warn of worker impact and regulatory timing.
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