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On Friday, January 12, 2024, Governor Hobbs released her proposed FY25 Budget. The Governor’s proposed investments recognize that a stronger Arizona economy is tied to a strong education pipeline that begins with affordable childcare and extends to higher education and training to support an evolving workforce environment. These proposals align with Education Forward Arizona’s belief that Arizona has everything to gain when we invest in education.
FY 2025 Proposed Budget Highlights
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$100M for Childcare Affordability (one-time funding)
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$296M inflation adjustment for K-12
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$91M for Childcare Affordability (ongoing federal funding)
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$40M to expand the Arizona Promise Program
- $20M ongoing & $20M one-time funding
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$30M for Arizona Teacher’s Academy
- $15M ongoing & $15M one-time funding
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$14.4M for State Operating Aid for community colleges
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$14M for rural community colleges
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$14.3M for STEM & Workforce Aid for community colleges
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$46.6M Equalization Aid for community colleges
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$46M for Arizona Healthy Tomorrow – university initiative
- ASU $21.2M; NAU $10.1M; UA $14.7M
In light of the reported budget shortfall, the Governor also included several recommendations to reduce the shortage. Notably, following her comments made during the State of the State address about the unexpected costs of Empowerment Scholarship Accounts, the Governor is proposing new rules to limit the impact on the state budget.
Read our Education Explainer and full budget summary for a more detailed overview of Governor Hobbs’ proposed education investments and how they align with our organization’s priorities for 2024.
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