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The 1017 Fund, or Education Reform Revolving Fund, is a dedicated revenue fund that is appropriated to the State Department of Education. The fund initially consisted of individual and corporate income tax, sales tax, and use tax revenues attributable to the revenue provisions of House Bill 1017, the Education Reform Act of 1990. In addition, a portion of cigarette and tobacco tax revenues and of tribal gaming and horse track gaming revenues are also now allocated to the 1017 Fund.
In FY 2026, $1.263 billion was appropriated from the 1017 Fund, representing just under one-third (31.7 percent) of total state appropriations to the Department of Education and about 10.4 percent of total state appropriations to all agencies.
