Democratic gubernatorial candidate Jim Davis is proposing the creation of a fund that he says will provide at least $140 million annually for teacher raises in Florida.
The endowment fund would be started by using $1 billion of the state's surplus, combined with interest saved by paying back borrowed money early.
Davis also proposes giving corporations tax credits for money they contribute to the fund. Davis, a politician from Tampa, plans to outline the ideas and other major policy proposals at a meeting in Tallahassee.
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