{"id":2549,"date":"2022-12-15T16:48:43","date_gmt":"2022-12-15T23:48:43","guid":{"rendered":"https:\/\/grandcanyoninstitute.org\/?p=2549"},"modified":"2023-05-16T10:04:46","modified_gmt":"2023-05-16T17:04:46","slug":"the-education-aggregate-expenditure-limit-is-bad-policy","status":"publish","type":"post","link":"https:\/\/grandcanyoninstitute.org\/news\/the-education-aggregate-expenditure-limit-is-bad-policy\/","title":{"rendered":"The Education Aggregate Expenditure Limit is Bad Policy"},"content":{"rendered":"\n<p>The Aggregate Expenditure Limit (AEL), which was added to the state constitution by voters in the early 1980s, is an albatross turned into a vehicle to hold kids hostage to advance political agendas. That\u2019s wrong.&nbsp;If enacted on March 1 next year, it will strip $1.39 billion from $7.79 billion in state and local funding allocated by the legislature to Arizona district schools.<\/p>\n\n\n\n<p>This report details six facts about the AEL.<br><strong>FACT 1:&nbsp;<\/strong>The AEL is going to be breached EVERY year unless we plan to cut K-12 funding by 20%.<br><strong>FACT 2:&nbsp;<\/strong>The AEL holds children hostage to political agendas.<br><strong>FACT 3:<\/strong>&nbsp;A $1.39 billion cut to public education funding would reduce state GDP in the 2nd Quarter of 2023 by 1.4% and lead to the equivalent of 65,000 jobs lost, nearly doubling the portion of people in Arizona who are unemployed.<br><strong>FACT 4:<\/strong>&nbsp;Closing schools has a devastating impact on student learning.<br><strong>FACT 5:<\/strong>&nbsp;The AEL undermines the attractiveness of the state to corporate investment.<br><strong>FACT 6:&nbsp;The AEL accomplishes nothing.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Aggregate Expenditure Limit (AEL), which was added to the &hellip; <a href=\"https:\/\/grandcanyoninstitute.org\/news\/the-education-aggregate-expenditure-limit-is-bad-policy\/\" class=\"more-link\">Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":2550,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[29,5,12],"tags":[215,216,23,37,19],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - 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