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Legislators Propose Raiding the Prepaid Tuition Fund

user icon CIVIC Concern | Mar 11, 2009 | there are 1 comments 1

Desperately looking to balance the budget without increasing taxes, some legislators this week proposed "borrowing" funds from the Florida Prepaid College Tuition Fund.  

Florida's prepaid tuition program benefits one in ten Florida children, and has helped more than a million families save for their children's college education.  The fund currently contains more than $8 billion.

Officials with the fund insist the legislature can't legally touch the money and say they'll fight any attempt to do so.  Governor Crist announced today that he's opposed to the idea as well.

While Florida schoolchildren still need to worry that the legislature will further slash the education budget this session, at least their college savings appear to be safe.  For now.

tags Florida Prepaid College Tuition Fund (all tags)


Legislators Propose Raiding the Prepaid Tuition Fund | 1 Comment | Post a Comment
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PREPAID TUITION FUND

ABSOLUTELY NO!! THERE ARE VPLENTY OF SALES TAX EXEMPTIONS TO BE CLOSED FIRST.  AS A LAST RESORT RAISE SALES TAX 1% TO PAY FOR THE EDUCATION OF OUR FUTURE!

user icon drelijr | Mar 12, 2009 | rated none by 0 others

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