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Legislature’s Joint Finance Committee approves 4 reading curriculums under Act 20

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Legislature’s Joint Finance Committee approves 4 reading curriculums under Act 20

Editor’s note: With low reading proficiency scores across the state, USA TODAY NETWORK-Wisconsin is exploring the causes and consequences of low literacy. This article is part of the By the Book series, which examines reading curriculum, instructional methods and solutions in K-12 education to answer the questions: Why do so many Wisconsin kids struggle to read, and what can be done about it? 

To read other stories in the series, click here.

Wisconsin’s Joint Committee on Finance approved Monday a list of four reading curricula schools can adopt to be in compliance with the state’s new reading law, Act 20. The curricula approved are those recommended by the state’s Early Literacy Curriculum Council, a nine-member council created to specifically evaluate K-3 reading curriculums for their compliance with Act 20.

The four curricula approved are:

  • Core Knowledge Language Arts K-3
  • Our EL Education Language Arts
  • Wit and Wisdom with Pk-3 Reading Curriculum
  • Bookworms Reading and Writing K-3

Act 20, signed into law last summer, requires curriculum to be backed by the “science of reading”: a decades-old body of research that explains how the brain learns to read. It includes an emphasis on phonics, which teaches students the sounds letters make and how those sounds combine in predictable patterns to form words.

The law’s changes are aimed at improving reading proficiency in the state, which has been low for years. Fewer than half of students at the state’s five largest school districts are considered proficient in reading, according to state exam scores since 2018.

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Part of the law’s revamping of reading instruction requires schools to use specific instructional methods that are systemic and explicit by next school year. This instruction must include fluency, phonological awareness, phonemic awareness, phonics, oral language development, vocabulary, writing, comprehension and building background knowledge.

The list of approved curricula is significant because school districts that adopt one of them can receive reimbursement for up to half the cost, which can be millions of dollars. Many districts will be turning to this list as they redefine how they teach reading.

Committee Democrats, DPI worry list will open state up to litigation

This list was approved 10-4 along party lines with all Republicans on the committee voting in favor and no Democratic support. While Republicans were in favor of the four curricula recommended by the Early Literacy Curriculum Council, Democrats wanted to approve the Department of Public Instruction’s broader list.

In February, the Early Literacy Curriculum Council released its list of four recommended curricula. About 30 curriculum vendors submitted materials for evaluation by the council, and by February, it had reviewed about half, according to a memo from the Legislative Fiscal Bureau.

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Given how much time curriculum review requires and the swift deadlines in Act 20, the council didn’t have enough time to review all the submitted curricula, the bureau’s memo said.

DPI, the state’s education agency, did its own evaluation of all the curricula, recommending 11. It rejected one of the council’s recommendations (Bookworms Reading & Writing for K-3) and added others that the council hadn’t rated. 

More on Act 20: Wisconsin Department of Public Instruction asks lawmakers to change deadline for implementing part of Wisconsin’s new literacy law

In a letter to the Joint Committee on Finance, the DPI said the council’s process for evaluating curricula had exposed the state to “an unacceptable level of risk.”

Because not all vendors who submitted curriculum materials were evaluated by the council, one that wasn’t evaluated could sue, according to the Legislative Fiscal Bureau.

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Democrats on the Joint Committee on Finance said that was reason enough to go with DPI’s recommendations. However, Republicans saw that as weak argument, opting for the four curricula from the Early Literacy Curriculum Council.

“This council, they’re experts. This is what they do,” said. Sen. Duey Stroebel during the committee meeting. “And I’m sorry I’m not going to look to DPI as, my god, the only people in the world who can pick the correct curriculum.”

He said the committee shouldn’t “water down, not give our kids the best quality curriculum” because of a “far-fetched legal theory.”

More on Act 20: Wisconsin passed a landmark literacy law 3 months ago. So what happens next?

The committee’s move is a “missed opportunity,” said state Superintendent Jill Underly in a media release.

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“The DPI’s list of high-quality materials is robust, offers more support and flexibility, meets the definition of science-based early literacy detailed in Act 20 and mirrors materials recommended by other states undergoing similar changes,” Underly said.

The Early Literacy Curriculum Council is required to annually recommend science-based K-3 reading curricula, so Monday’s list is subject to expansion next year.

Why does the list of curricula matter?

Districts aren’t required to adopt the approved curricula, but those will be the only ones eligible for partial reimbursement — a large incentive for districts, given the cost of curriculum adoption.

Many districts will likely make the switch to new reading curriculum, if not the four approved Monday. In the past, DPI has recommended that districts use curricula positively rated by a third-party curriculum evaluation organization called EdReports.

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At least 79% of school districts surveyed by the Department of Public Instruction in 2021 said they use a curriculum that is either not rated or is negatively rated by EdReports. About 80% of school districts participated in the survey.

Districts have been waiting for the release of curricula so they can adopt new practices, train their staff and be in compliance with Act 20 by the 2024-25 school year. The Green Bay School District, for example, has been waiting for the literacy council and DPI to release its curriculum list before it buys new reading curriculum. It plans to select something for grades kindergarten through eight in March.

Danielle DuClos is a Report for America corps member who covers K-12 education for the Green Bay Press-Gazette. Contact her at dduclos@gannett.com. Follow on Twitter @danielle_duclos. You can directly support her work with a tax-deductible donation at GreenBayPressGazette.com/RFA or by check made out to The GroundTruth Project with subject line Report for America Green Bay Press Gazette Campaign. Address: The GroundTruth Project, Lockbox Services, 9450 SW Gemini Drive, PMB 46837, Beaverton, Oregon 97008-7105.

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Finance

What is Considered a Good Dividend Stock? 2 Financial Stocks That Fit the Bill

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What is Considered a Good Dividend Stock? 2 Financial Stocks That Fit the Bill
Source: Getty Images

Written by Jitendra Parashar at The Motley Fool Canada

Dividend investing can be one of the simplest ways to build long-term wealth while creating a steady stream of passive income. But in my opinion, a good dividend stock is about much more than just a high yield. Beyond dividend yield, investors should also look for companies with durable businesses, reliable cash flows, and a history of rewarding shareholders consistently over time.

That’s exactly why many investors turn to financial stocks. Banks and asset managers often generate recurring earnings through lending, investing, and wealth management activities, allowing them to support stable dividend payments even during uncertain market conditions.

Two Canadian financial stocks that stand out right now are AGF Management (TSX:AGF.B) and Toronto-Dominion Bank (TSX:TD). Both companies offer attractive dividends backed by solid financial performance and long-term growth strategies. In this article, I’ll explain why these two financial stocks could be worth considering for income-focused investors right now.

AGF Management stock continues to reward shareholders

AGF Management is a Toronto-based asset manager with businesses across investments, private markets, and wealth management. Through these divisions, the company offers equity, fixed income, alternative, and multi-asset investment strategies to retail, institutional, and private wealth clients.

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Following a 59% rally over the last 12 months, AGF stock currently trades at $16.67 per share with a market cap of roughly $1.1 billion. At current levels, the stock offers a quarterly dividend yield of 3.3%.

One reason behind AGF’s strong recent performance is its increasingly diversified business model. The company has expanded its investment capabilities and broadened its geographic reach, helping it perform well across varying market environments.

In the first quarter of its fiscal 2026 (ended in February), AGF posted free cash flow of $36 million, up 14% year over year (YoY), driven mainly by higher management, advisory, and administration fees. These fees climbed to $92.5 million as demand for the company’s investment offerings strengthened.

AGF has also been focusing on expanding its alternative investment business and introducing new investment products. With strong cash generation and growing demand for alternative investments, AGF Management looks well-positioned to continue rewarding investors over the long term.

TD Bank stock remains a dependable dividend giant

Toronto-Dominion Bank, or TD Bank, is one of North America’s largest banks, serving millions of customers through its Canadian banking, U.S. retail banking, wealth management and insurance, and wholesale banking operations.

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Following a 70% jump over the last year, TD stock currently trades at $148.14 per share and carries a massive market cap of $247 billion. It’s also continuing to provide investors with a quarterly dividend yield of 3%.

TD’s latest results show why it remains a dependable dividend stock. In the February 2026 quarter, the bank’s reported net income jumped 45% YoY to $4 billion, while adjusted earnings rose 16% to a record $4.2 billion.

Similarly, the bank’s Canadian personal and commercial banking segment delivered record revenue and earnings with the help of higher loan and deposit volumes. Meanwhile, its wealth management and insurance business also posted record earnings, while wholesale banking benefited from strong trading and fee income growth.

Notably, TD ended the quarter with a strong Common Equity Tier 1 capital ratio of 14.5%, giving it a solid capital cushion. While the bank continues to spend on U.S. anti-money-laundering remediation and control improvements, its strong earnings base, large customer network, and diversified operations continue to support its dividends.

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The post What is Considered a Good Dividend Stock? 2 Financial Stocks That Fit the Bill appeared first on The Motley Fool Canada.

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Fool contributor Jitendra Parashar has positions in Toronto-Dominion Bank. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.

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UK watchdog says car finance legal challenge hearing unlikely before October

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UK watchdog says car finance legal challenge hearing unlikely before October
Britain’s financial watchdog said on Friday a tribunal hearing on ‌legal challenges to its compensation scheme for mis-sold car loans was unlikely before October, and told lenders to prepare for a possibility that the scheme could be scrapped entirely.
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Martha Aguirre, former El Paso ISD interim superintendent, resigns as CFO as district finds ‘key financial challenges’

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Martha Aguirre, former El Paso ISD interim superintendent, resigns as CFO as district finds ‘key financial challenges’

El Paso Independent School District Chief Financial Officer Martha Aguirre, who served as interim superintendent last year, resigned this week as the district said it had discovered “key financial challenges.”

The district issued a news release late Thursday afternoon that lacked details but indicated that a recent review had raised questions about the district’s fund balances, a key indicator of financial health.

“Through this process, key financial challenges were identified that must be addressed prior to closing out the 2025-26 school year including a current budget shortfall that is being actively addressed ahead of the district’s final financial presentation to the Board of Trustees in June,” the news release said. 

A CFO is charged with developing a school district’s budget and overseeing its finance department. The EPISD Board of Trustees must adopt a budget for the 2026-27 school year by the end of the fiscal year June 30. The operating budget for the current school year is $547 million.

EPISD Deputy Superintendent David Bates will oversee the budget while the district searches for an interim and permanent CFO, district officials said in a statement. 

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EPISD Board President Leah Hanany said trustees were notified about Aguirre’s resignation this week. She said the district plans to give the public more information on the current year’s budget during a board meeting later this month.

“The board was also notified of a potential budget shortfall for the 2025 budget, but we don’t have final numbers yet. My understanding is that we are still primed to pass a balanced budget for fiscal year 2026-27 in June,” Hanany said in a statement.

Aguirre could not be reached for comment. EPISD’s CFO makes $148,200 to $209,900 a year, according to the district’s administrative pay plan.

She served as EPISD’s interim superintendent from June to December 2025 after the district’s former superintendent, Diana Sayavedra, resigned under pressure from the board. She returned to her position as CFO when Brian Lusk was hired as EPISD’s new permanent superintendent.

Aguirre’s resignation comes amid an uncertain budget season after a state funding calculation error tied to school property tax breaks caused EPISD to lose out on $17 million in projected revenue. In late April, EPISD officials estimated it would cause the district’s spending to exceed its revenue next year by $10 million.

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The district is also considering calling for a bond election in November to upgrade its aging campuses as part of the larger 2024 Destination District Redesign initiative to close schools and improve the ones that remain open.

El Paso Teachers’ Association President Norma De La Rosa said Aguirre’s departure was unexpected.

“We’re right in the middle of the committee meetings for a possible bond and getting ready to get that budget to the June board meeting for next school year. So, to say that I’m highly surprised is an understatement,” De La Rosa told El Paso Matters.

Aguirre started working with the district in 1996 as a general clerk, according to a video published by the district.


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