On Wednesday Florida Gov. Ron DeSantis made the announcement that he has signed a bill that will allocate $500 million to increase teachers’ salaries.

“Today what we will be signing is a bill that will provide $500 million directly to teachers, all public school teachers — school district or charter — and it will take Florida from number 26 in the nation to number five in the nation for average minimum salary,” he said.

DeSantis said the bill will also include another $100 million for more experienced teachers who are making more than the average minimum.

DeSantis said the budget will go into effect in July.