St. Petersburg, Florida -- Governor Rick Scott on Monday announced plans for historic funding for K-12, state colleges, and universities as part of his "It's Your Money Tax Cut Budget."
According to Gov. Scott, the funding includes record-total operating funds of nearly $24.5 billion for Florida schools.
The bulk of the new spending will go to public schools.
"Building on the record K-12 education funding and teacher pay raises and classroom debit cards of last year, I am committing a historic $18.8 billion in total funding K-12 education," Gov. Scott said. "We need to provide the tools, training, and funding to give our students the best chance for success."
The remaining billions have been allotted for Florida's state colleges and universities.
"We expect our students to get the best education at our state institutions of higher education that leads to a great job and career," Gov. Scott said. "That's why I'm also investing record total funding for state colleges of $2 billion and $3.59 billion for Florida public universities. Our students deserve the best quality education, and this funding will help to ensure that every degree achieved is followed by a great career."
Included in the total funding for colleges and universities is an additional $40 million each for performance funding, to be given out based on school metrics such as percentage of graduates employed, their average wages, and cost per undergraduate degree.
The new public school funds are said to be up $542 million from 2013-2014 totals. Additionally, the governor announced another $13 million for professional development and training to help educators and principals meet state standards.