On the heels of Gov. McCrory’s newest teacher compensation proposal , Lt. Gov. Dan Forest proposed yesterday his own smaller-scale solution to improving the abysmal teacher pay situation in North Carolina.
Okay, to be fair, that’s not his entire plan – but it is the face of it.
Forest introduced draft legislation to members of the Ed Oversight committee that would create a Teacher Endowment Fund earmarked for compensating public school teachers who improve student outcomes in their classrooms.
One way Forest proposes to fund the endowment is with the sale of license plates that say “I Support Teachers.” In his bill, the Lieutenant Governor modified existing law that establishes a license plate option with the words “I Support Public Schools,” which was never created due to a lack of interest. Forest crossed out “Public Schools” and replaced it with “Teachers.”
WRAL reported  that the state’s most popular specialized license plates, which are the ones that contribute to the Blue Ridge Parkway Foundation, only generate annual revenue amounts of $500,000.
But Forest told reporters yesterday that he hopes the endowment will generate billions of dollars in revenue over the long term.
Perhaps that’s possible with some of the other options in his bill that would funnel money into the endowment. Corporations and individuals will be allowed to make tax-deductible donations to the fund, and Forest told committee members that he personally planned to embark on fundraising by approaching corporations and asking them to donate.
No matter how much is raised, Sen. Josh Stein worried that the endowment funds could ultimately just get thrown in with the big General Appropriations pot, much like what happened to the lottery funding that was originally intended to fund certain areas of education.
The bill includes the option for the General Assembly to appropriate money directly to the endowment, but Forest told reporters yesterday there would be no initial “ask” for the fund during this upcoming short session.