The Legislature gave its final approval early this morning for the state education budget.

After passing the House of Representatives by a vote of 67-31, the education budget passed the Senate by a vote of 19-6 at 7:48 a.m. today.

If it becomes law, the new budget will pay for 1,125 fewer state-funded teacher positions at schools across the state. The budget will become law unless Gov. Robert Bentley objects.

The budget for the 2012 fiscal year, which will begin Oct. 1, will spend $5.59 billion from the Education Trust Fund. That’s an increase of $240.7 million from this past year. The Education Trust Fund is the main source of state tax dollars for the state’s public schools and colleges.

The proposed $240.7 million increase in trust fund spending is coupled with the loss of as much as $462.5 million in federal stimulus money that supplemented trust fund spending this year, but will not be available next year.

The new budget does not provide money for cost-of-living raises for public school employees.

The budget will also pay $81.6 million less next year from the trust fund for pension coverage for employees of public schools, two-year colleges and universities. Employees will have to pay more for pension coverage to make up the difference.

The proposed budget will spend $3.62 billion from the Education Trust Fund for the foundation program for public kindergarten through 12th grade. That’s a $174.6 million increase from last year.