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Education Funding Overview

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Education Funding Overview. Georgia Budget & Policy Institute Claire Suggs, Senior Education Policy Analyst January 10, 2014. Budget Overview | www.gbpi.org. Who We Are. State policy think tank Nonprofit Non-partisan Founded in 2004. Budget Overview | www.gbpi.org.
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Education FundingOverviewGeorgia Budget & Policy InstituteClaire Suggs, Senior Education Policy AnalystJanuary 10, 2014Budget Overview | www.gbpi.orgWho We AreState policy think tankNonprofitNon-partisanFounded in 2004Budget Overview | www.gbpi.org Our Policy Area FocusTaxesBudgetEducationHealth CareEconomic SecurityEconomic DevelopmentBudget Overview | www.gbpi.orgOur work isn’t about the numbers… It’s telling the story of people using numbersRevenues Return to 2007 LevelsGeneral and Motor Fuel Funds 2007-2014 Fiscal Years Drivers of Budget Growth$210 Million$109 Million$127 Million $42 Million $38 Million $35 Million00K-12 and University System Formula Growth 0Medicaid and PeachCare Growth 0Teacher and Employees Retirement0Systems Contributions Debt Services0K-12 Education Equalization0Department of Justice Settlement Agreement0FY 2014 State General & Motor Fuel Funds Budget ($18.8 billion)Most Georgia Spending is for Education51.5%EducationOtherGeorgia’s Fiscal Year 2014 Budget: $18.8 Billion FY 2014 State General & Motor Fuel Funds Budget ($18.8 billion)Health Care is 2nd Largest Budget ExpenseOtherEducation51.5%Education51.5%Education20.9%Health CareGeorgia’s Fiscal Year 2014 Budget: $18.8 Billion FY 2014 State General & Motor Fuel Funds Budget ($18.8 billion) Many Services in Smaller Category “Other”Other27.6%OtherEducation51.5%Education51.5%EducationHealth CareGeorgia’s Fiscal Year 2014 Budget: $18.8 Billion FY 2014 State General & Motor Fuel Funds Budget ($18.8 billion) State FundingSince 2002 in Georgia:State funding per student has declined 15.3 percentThe percent of economically disadvantagedstudents climbed from 45 to 60 percent.Other27.6%Other51.5%Education51.5%EducationFY 2014 State General & Motor Fuel Funds Budget ($18.8 billion) Shifting Responsibility for K-12 FundingOther27.6%Other51.5%Education51.5%EducationSOURCE: Georgia Department of Education and GBPI researchK-12 Formula Underfunded by $1 BillionFY 2014 State General & Motor Fuel Funds Budget ($18.8 billion) Local FundingBetween 2008 and 2012:Tax digest fell 17.8 percent between 2008 and 2012.Local revenue per student fell by 5.8 percent.Other27.6%Other51.5%Education51.5%EducationFY 2014 State General & Motor Fuel Funds Budget ($18.8 billion) Notes from SchoolsThe workloads have increased to a tipping point. At some point, the calling to be an educator is eroded by being beat down by doing more with less. We are losing our finest educators, which ultimately deteriorates our overall educational program. Jackson CountyOther27.6%Other51.5%Education51.5%EducationFY 2014 State General & Motor Fuel Funds Budget ($18.8 billion)Impact of Funding Losses71 percent of responding districts cut the school year95 percent increased class sizeAbout 70 percent have eliminated instructional support positionsNearly 80 percent have cut central office staff82 percent are using reserve funds this yearOther27.6%Other51.5%Education51.5%EducationFY 2014 State General & Motor Fuel Funds Budget ($18.8 billion)Impact of Funding LossesOther27.6%Other51.5%Education51.5%EducationFY 2014 State General & Motor Fuel Funds Budget ($18.8 billion) GBPI RecommendationsDevelop an education funding system that supports success for all students in the 21st CenturyEnsure tax and budget policies align with new funding systemOther27.6%Other51.5%Education51.5%EducationPlease sign up for our electronic email alerts on our website, like us on Facebook and follow us on Twitter.Claire Suggs, Senior Policy Analystcsuggs@gbpi.orgwww.gbpi.orgLet’s Stay Connectedwww.facebook.com/gabudget @gabudget @clairevsuggs
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