Saxton wants a 35% increase in school funding?

I was reading some information from the 2002 Republican gubernatorial primary recently, and saw that Ron Saxton was a co-founder of the "Coalition For School Funding Now!" which is an education advocacy group. In the online voter's pamphlet from that election, Saxton lists the CFSFN among his contributions to community service.

Unfortunately, the domain name for the group must have expired about two days after I read this, but I copied this from their website (emphasis mine):

The Coalition supports full implementation of the Quality Education Model. The Quality Education model determines the level of state-wide resources needed for schools and students to meet the quality education goals established in law. The Coalition advocates that the Governor and State Legislators use it as a tool to develop the K-12 public education budget. Further, the Coalition advocates full funding of the QEM.

What is the Quality Education Model? According to the Oregon School Boards Association, the QEM was set up to determine the level of funding needed to help 90 percent of Oregon students meet state standards. For the 2005-2007 biennium, the QEM recommends $7.1 billion for education; the legislature approved $5.24 billion. Providing full funding for the QEM would mean another $1.86 billion for the ’05-07 biennium, or a 35.5 percent increase.

Another way to look at it: the CFSFN advocates taking a quarter of the state's non-education budget and shifting it into education.

I think a legitimate argument can be made that public education in Oregon is underfunded compared to budgets of five years ago, but regardless, the questions must be asked: Does Saxton still believe that the QEM should be fully funded? If not, what level of funding would he advocate? How would he pay for it? I believe he's pledged not to raise taxes, so what would he cut?

Government has been whining that it doesn't have any more waste to cut, which a part of me finds difficult to believe, but please don't tell me that Saxton can find almost $2 billion in government inefficiencies to pay for it.