Alabama has a record-setting education budget for the 2006-2007 school year.
Gov. Bob Riley signed it into law on Thursday. Lawmakers passed it after getting higher-than-expected tax collections this past fiscal year.
The law also increases the school year by five days. State Supt. Joe Morton says this levels the playing field for Alabama to compete with students throughout the U.S.
"This gives us some tools to get involved sooner and quicker and more proactive," Morton said.
"We have to make sure we get technology into the classroom," said Gov. Riley.
As part of the new law, public school systems will now have to hire a CFO to oversee standardized accounting procedures and maintain a one-month operating budget.