H.B. 888 Summary

• Raises teacher salaries to fifth in the nation through monthly salary schedules for 2017-2020 fiscal years, with $900.7 million appropriated for 2017-2018, $1.71 billion for 2018-2019, and $2.54 billion for 2019-2020.

• Increases school-based administrator salaries to 25th in the nation with new principal and assistant principal salary schedules based on years of experience and number of teachers supervised; appropriates $38.6 million for 2017-2018, $77.2 million for 2018-2019, and $115.9 million for 2019-2020.

• Establishes advanced teaching roles and compensation models allowing highly effective classroom teachers to earn salary supplements up to 30% of the state teacher salary schedule while accepting additional responsibilities such as leading instruction teams or school improvement efforts.

• Creates teacher sabbatical leave program allowing classroom teachers 6-month sabbaticals every 5 years (after 7-10, 12-15, and 20-25 years of service) and 1-year sabbaticals after 25 years for educational research projects; appropriates $143 million for 2017-2018.

• Increases state sales tax from 4.75% to 5.25% (July 2017), 5.5% (July 2018), and 5.75% (July 2019); increases corporate income tax from 4% to 6% by 2020; and increases individual income tax from 5.499% to 6.5% by 2020 to fund education initiatives.