Education trust fund proposed to replace school property taxes
(The Center Square) – A new solution for Pennsylvania’s perennial struggle over education funding began circulating in the Legislature on Wednesday. This time, Republican Rep. Jason Ortitay, who represents a district southwest of Pittsburgh, wants to establish the Pennsylvania Education Endowment Fund using one-time state asset sales, expanded natural gas drilling on leased lands, a share of gambling revenue, public-private partnerships and investment returns from state bonds. Altogether, Ortitay says the fund’s value will grow enough to replace all $16 billion collected from ...