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Education Funding Overview

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 Funding Overview

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  1. Education Funding Overview Georgia Budget & Policy Institute Claire Suggs, Senior Education Policy Analyst January 10, 2014 Budget Overview | www.gbpi.org

  2. Who We Are State policy think tank Nonprofit Non-partisan Founded in 2004 Budget Overview | www.gbpi.org

  3. Our Policy Area Focus Taxes Budget Education Health Care Economic Security Economic Development Budget Overview | www.gbpi.org

  4. Our work isn’t about the numbers… It’s telling the story of people using numbers

  5. Revenues Return to 2007 Levels General and Motor Fuel Funds 2007-2014 Fiscal Years

  6. Drivers of Budget Growth $210 Million $109 Million $127 Million $42 Million $38 Million $35 Million 00 K-12 and University System Formula Growth 0 Medicaid and PeachCare Growth 0 Teacher and Employees Retirement 0 Systems Contributions Debt Services 0 K-12 Education Equalization 0 Department of Justice Settlement Agreement 0

  7. FY 2014 State General & Motor Fuel Funds Budget ($18.8 billion) Most Georgia Spending is for Education 51.5% Education Other Georgia’s Fiscal Year 2014 Budget: $18.8 Billion

  8. FY 2014 State General & Motor Fuel Funds Budget ($18.8 billion) Health Care is 2nd Largest Budget Expense Other Education 51.5% Education 51.5% Education 20.9% Health Care Georgia’s Fiscal Year 2014 Budget: $18.8 Billion

  9. FY 2014 State General & Motor Fuel Funds Budget ($18.8 billion) Many Services in Smaller Category “Other” Other 27.6% Other Education 51.5% Education 51.5% Education Health Care Georgia’s Fiscal Year 2014 Budget: $18.8 Billion

  10. FY 2014 State General & Motor Fuel Funds Budget ($18.8 billion) State Funding Since 2002 in Georgia: State funding per student has declined 15.3 percent The percent of economically disadvantaged students climbed from 45 to 60 percent. Other 27.6% Other 51.5% Education 51.5% Education

  11. FY 2014 State General & Motor Fuel Funds Budget ($18.8 billion) Shifting Responsibility for K-12 Funding Other 27.6% Other 51.5% Education 51.5% Education SOURCE: Georgia Department of Education and GBPI research

  12. K-12 Formula Underfunded by $1 Billion

  13. FY 2014 State General & Motor Fuel Funds Budget ($18.8 billion) Local Funding Between 2008 and 2012: Tax digest fell 17.8 percent between 2008 and 2012. Local revenue per student fell by 5.8 percent. Other 27.6% Other 51.5% Education 51.5% Education

  14. FY 2014 State General & Motor Fuel Funds Budget ($18.8 billion) Notes from Schools The 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 County Other 27.6% Other 51.5% Education 51.5% Education

  15. FY 2014 State General & Motor Fuel Funds Budget ($18.8 billion) Impact of Funding Losses 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 Other 27.6% Other 51.5% Education 51.5% Education

  16. FY 2014 State General & Motor Fuel Funds Budget ($18.8 billion) Impact of Funding Losses Other 27.6% Other 51.5% Education 51.5% Education

  17. FY 2014 State General & Motor Fuel Funds Budget ($18.8 billion) GBPI Recommendations Develop an education funding system that supports success for all students in the 21st Century Ensure tax and budget policies align with new funding system Other 27.6% Other 51.5% Education 51.5% Education

  18. Please sign up for our electronic email alerts on our website, like us on Facebook and follow us on Twitter. Claire Suggs, Senior Policy Analyst csuggs@gbpi.org www.gbpi.org Let’s Stay Connected www.facebook.com/gabudget @gabudget @clairevsuggs

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