Education Funding Overview
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Transcript of Education Funding Overview
Education FundingOverview
Budget Overview | www.gbpi.org
Georgia Budget & Policy InstituteClaire Suggs, Senior Education Policy AnalystMay 9, 2014
Budget Overview | www.gbpi.org
Who We Are
The Georgia Budget and Policy Institute produces research and state budget analysis to show ways Georgia can provide better education, health care and opportunity for everyone.
State Funding
51.5%Education
51.5%Education
OtherOther27.6%State funding per student has declined 15.3 percent
The percent of economically disadvantagedstudents climbed from 45 to 60 percent.
Since 2002 in Georgia:
Shifting responsibility for K-12 funding: Georgia
State56%
Local38%
Federal6%
State of Georgia: Funding sources for K-12 educa-
tion, FY2002
SOURCE: Georgia Department of Education
State51%Local
41%
Federal8%
State of Georgia:Funding Sources for K-12 Educa-
tion, FY 2013
K-12 Formula Underfunded by $1 Billion in 2014
Local Funding
51.5%Education
51.5%Education
OtherOther27.6%Tax digest fell 17.3 percent between 2008 and 2012.
Local revenue per student fell by 5.8 percent.
Between 2008 and 2012:
Impact of Funding Losses
51.5%Education
51.5%Education
OtherOther27.6%
71 percent of responding districts cut the school year
95 percent increased class size
About 70 percent have eliminated instructional support positions
Nearly 80 percent have cut central office staff
82 percent are using reserve funds this year
Impact of Funding Losses
51.5%Education
51.5%Education
OtherOther27.6%
0%
10%
20%
30%
40%
50%
60%
70%
38%42%
62%
26%
Percent of Districts Reducing Programs
FY 2015 Budget ($19.9 Billion)
Revenue Sources
Georgia Revenue by the Numbers
49th State tax revenue per person (2012)
46th State tax revenue as percentage of income (2012)
46th State and local tax revenue per capita (2011)
FY 1989
FY 1991
FY 1993
FY 1995
FY 1997
FY 1999
FY 2001
FY 2003
FY 2005
FY 2007
FY 2009
FY 2011
FY 2013
4.0%
4.5%
5.0%
5.5%
6.0%
6.5%
7.0%
6.0%
6.3%6.0%
5.6%
6.0%
5.9%
6.0%
6.0%
6.0%
5.8%
5.9%5.9%
6.0%
5.6%
5.3%
5.3%
5.4%
5.6%
5.7%
5.5%
5.1%
4.5%
4.6%
4.7%
4.7%
6.0%1989
5.3%2003
4.6%2010
Georgia Revenue as a Percentage of Income at Historic Low
4.7%2014
5.7%2007
Revenues as a Percentage of Income Fiscal Years 1989 – 2014
Revenues Finally Surpass 2007 LevelsGeneral and Motor Fuel Funds 2007-2015 Fiscal Years
Per Capita Revenues Still below 2007
$2,011 $1,968
$1,741
$1,566
$1,688 $1,742$1,831
$1,879 $1,944
Budget Growth in FY 2015 ($928 Million)
$314 Million $151 Million $173 Million $142 Million $51 Million $34 Million
Partial Restoration K-12 Formula Cut
K-12 and University System Formula Growth
Medicaid and PeachCare Growth
Teacher and Employees Retirement
State Employee Salary Increase
0
0
0
0
0
Department of Justice Settlement Agreement 0
Total QBE Funding FY 2015 ($514 Million)
$480 Million $29 Million $5 Million
QBE
QBE Local 5 Mill Share
QBE Equalization
0
0
0
QBE Funding FY 2015 ($480 Million)
$314 Million $100 Million $57 Million $9 Million
Partial Restoration K-12 Formula Cut
Formula Growth (Enrollment and T&E)
Teacher Retirement System
Other
0
0
0
0
K-12 Formula Underfunded by $750 Million in 2015
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Claire Suggs, Senior Policy [email protected]
www.gbpi.org
www.facebook.com/gabudget @gabudget @clairevsuggs