- Associated Press - Thursday, March 6, 2014

LITTLE ROCK, Ark. (AP) - Legislation outlining Arkansas’ $5 billion budget for the coming year calls for boosts in funding for the state’s public schools and prisons.

Legislative leaders on Thursday night released the state’s budget bill, formally known as the Revenue Stabilization Act, as they move closer toward wrapping up this year’s session. The bill is scheduled to go before the Joint Budget Committee on Friday, with House and Senate votes expected next week.

The legislation largely mirrors the proposed budget that Gov. Mike Beebe detailed in January. It calls for a $108 million increase in state spending, with $65 million of that increase going toward the state’s public schools. The bill also increases funding for the Department of Correction and reimbursements to county jails for housing state inmates.

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