Lt. Governor Dan Forest kicked off a statewide media tour today in Raleigh to promote his “I Support Teachers” license plates — one part of his newly minted North Carolina Education Endowment fund that is aimed at increasing the salaries of the state’s highest performing public school teachers.
“We need to have the best teachers in the world here in North Carolina,” said Forest. “And one of the things that often happens is that we play this game with teachers about how do we fund … teacher compensation for the long term.”
“So every couple years you get the Governor and the legislature to try to find money to help support teacher compensation, generally whatever is leftover in the budget,” continued Forest. “The purpose of the North Carolina Education Endowment fund is to provide a long term solution…to support teacher compensation so we can break the ebbs and flows of the economy.”
Lawmakers passed what they characterize as an average 7 percent raise for teachers during the 2014 legislative session, after several years of no pay raises for teachers. Those raises, however, have in large part gone to newer teachers, with veteran teachers left with little to show for their years-long wait for a pay raise.
Calling it a “lock box fund,” Forest said contributions will sit in the endowment for a period of time in order to grow, then be used to pay the state’s highest performing teachers at a greater rate. The metrics for determining who would qualify as one of the state’s highest performing teachers was not made clear.
There are several ways the NC Education Endowment can be funded, according to Forest:
- Through the purchase of an “I Support Teachers” specialty license plate;
- By individual or corporate donations through state income tax forms;
- Corporations and individuals making stand-alone donations;
- By appropriations form the general fund by the General Assembly; and
- Through other methods to be determined in later legislation.
In the law passed this summer that enacted the endowment fund, Forest modified language from the existing law that established a specialty license plate option with the words “I Support Public Schools.” That license plate never ended up being created thanks to a lack of public interest. Forest decided to take that language and cross out “Public Schools” on the license plate and replace it with “I Support Teachers.”
While WRAL reported in May 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, Forest told reporters at the time that he hoped the endowment will generate billions of dollars in revenue over the long term.
During the bill’s debate, Sen. Josh Stein (D-Wake) 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.
Forest will continue to promote his endowment by highlighting the “I Support Teachers” license plates at DMVs in Greensboro and Charlotte today.