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TALLAHASSSEE (CBSMiami/NSF) — A Central Florida senator filed a bill Wednesday that would require a statewide minimum salary of $50,000 for teachers.

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The bill (SB 296), filed by Sen. Darren Soto, D-Orlando, would take effect with the 2016-17 school year and also would require future increases based on inflation.

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Dubbed the “Florida Teacher Fair Pay Act,” the bill would require lawmakers to set aside enough money in the state’s main education-funding formula to pay for the salaries and other education needs.

The bill will be considered during the 2016 legislative session, which starts in January.

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“The News Service of Florida contributed to this report.”