Resolution in Support of Paying Off The Budget Stabilization Factor in 2022
The Durango 9-R Board of Education unanimously passed a Resolution in Support of Paying Off the Budget Stabilization Factor in 2022. The resolution was presented as a request from the Durango Education Association and the Durango Education Support Professionals Association. The Budget Stabilization Factor, also known as the Negative Factor, was created when the state borrowed $1 billion from public education funding to help with economic recovery from the Great Recession. Eleven years later the state has failed to pay back public education to the tune of nearly $10 billion, owing Durango 9-R alone more than $60 million.