Very bad idea.   The DOE already receives the biggest portion of funding from the state budget but with little or no significant  positive measure in terms of test results and other measure of  learning.
The DOE needs to be audited and steps taken to eliminate the huge bureaucracy that is only interested in justifying their  own continued existence and high salaries.  Not much gets down to the school and
teacher level other than salary increases for teachers, school personnel.  Throwing more money at the DOE is not going to do any good.  If this was the solution, we would already have a good educational system.
I suppose  there is no need to educate the kids all that well, as you do not need to know much to work in the service sector, you know hotels, restaurants, fast food joints etc.  
If you need those with more education, skills, you can always get them from the mainland or elsewhere.