So what happens with this program? Communities boost teacher salaries with federal funds instead of local money and then when year 5 hits the teachers all get a pay cut? Or are local communities suddenly going to have to implement severe property tax rate increases to continue their pay?
Great point Jim, I think this is the big question with this proposal that has yet to be answered. to be fair, they have not yet released the full proposal, so perhaps there is a plan for year 5 and beyond.
If they plan funding year’s 1–5 through permanent changes to the estate tax, perhaps they believe they can raise enough extra dollars through the estate tax to continue funding it.