No fiscal cliff, but no certainty either

Arizona school districts are again waiting for a funding solution that would provide them more money from the state.

Proposition 123 was approved by voters in 2016 to settle a lawsuit alleging the state failed to account for inflation when funding schools between 2010 and 2013. The measure boosted the annual distribution from the State Land Trust Permanent Fund from 2.5% to 6.9%, generating roughly $300 million a year for K‑12 public schools without raising taxes.

“Prop. 123 passed 10 years ago to settle a lawsuit,” said Sen. JD Mesnard, R‑Chandler. “At the end of 10 years, it allowed us to tap into the State Land Trust fund to a higher degree. It had grown very fast and we could afford to tap into it — put more toward education — and at the end

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