budget overview | georgia budget & policy institute claire suggs, senior education policy...
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![Page 1: Budget Overview | Georgia Budget & Policy Institute Claire Suggs, Senior Education Policy Analyst November 11, 2013 Education Funding Overview](https://reader036.vdocument.in/reader036/viewer/2022062422/56649e895503460f94b8eb93/html5/thumbnails/1.jpg)
Budget Overview | www.gbpi.org
Georgia Budget & Policy InstituteClaire Suggs, Senior Education Policy AnalystNovember 11, 2013
Education FundingOverview
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Budget Overview | www.gbpi.org
Who We Are
State policy think tankNonprofitNon-partisanFounded in 2004
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Budget Overview | www.gbpi.org
Our Policy Area Focus
TaxesBudgetEducationHealth CareEconomic SecurityEconomic Development
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Our work isn’t about the numbers…
It’s telling the story of people using numbers
![Page 5: Budget Overview | Georgia Budget & Policy Institute Claire Suggs, Senior Education Policy Analyst November 11, 2013 Education Funding Overview](https://reader036.vdocument.in/reader036/viewer/2022062422/56649e895503460f94b8eb93/html5/thumbnails/5.jpg)
State Funding
Since 2002 in Cobb County:
• State funding per student has declined 16.9 percent• The number of students has grown 11 percent• The percent of economically disadvantaged
students has grown more than 21 percentage points
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Shifting responsibility for K-12 funding: Georgia
State56%
Local38%
Federal6%
State of Georgia: Funding sources for K-12 educa-
tion, FY2002
State49%
Local42%
Federal9%
State of Georgia: Funding sources for K-12 educa-
tion, FY2012
SOURCE: Georgia Department of Education and GBPI research
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Shifting responsibility for K-12 funding: Cobb
State50%Local
47%
Federal3%
Cobb County: Funding sources for K-12 educa-
tion, FY2002
State45%
Local49%
Federal6%
Cobb County: Funding sources for K-12 educa-
tion, FY2012
SOURCE: Georgia Department of Education and GBPI research
![Page 8: Budget Overview | Georgia Budget & Policy Institute Claire Suggs, Senior Education Policy Analyst November 11, 2013 Education Funding Overview](https://reader036.vdocument.in/reader036/viewer/2022062422/56649e895503460f94b8eb93/html5/thumbnails/8.jpg)
K-12 Formula Underfunded by $1 Billion
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• QBE austerity cut is $65,900,761 for fiscal year 2014.
• QBE austerity cut per student is $599.• Cumulative austerity cut is $491,296,767 since
2002.
Austerity Cuts in Cobb County
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Local Funding
Between 2008 and 2012 in Cobb County:
• Tax digest fell 17.8 percent between 2008 and 2012.
• Local revenue per student fell by 12.3 percent.
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Impact of Funding Losses
• Cut the school calendar to 175 days• Increase class size• Eliminate 1,380 teaching positions since 2009• Eliminate 113 instructional support positions since 2009• Cut central office staff• Rely on reserve funds
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Revenues Return to 2007 LevelsGeneral and Motor Fuel Funds 2007-2014 Fiscal Years
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Drivers of Budget Growth
$210 Million$109 Million$127 Million $42 Million $38 Million $35 Million
00
K-12 and University System Formula Growth
Medicaid and PeachCare Growth
Teacher and Employees Retirement
Systems Contributions Debt Services
K-12 Education Equalization
Department of Justice Settlement Agreement
0
0
0
0
0
0
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Most Georgia Spending is for Education
51.5%Education
Georgia’s Fiscal Year 2014 Budget: $18.8 Billion
Other
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Health Care is 2nd Largest Budget Expense
51.5%Education
51.5%Education
Education
Other
20.9%Health Care
Georgia’s Fiscal Year 2014 Budget: $18.8 Billion
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Many Services in Smaller Category “Other”
51.5%Education
51.5%Education
Other
Education
Health Care
Georgia’s Fiscal Year 2014 Budget: $18.8 Billion
Other27.6%
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State Spending for “Other” Services
51.5%Education
51.5%Education
OtherOther27.6%
OtherPublic Safety 9.2%Debt Services 6.4%Transportation 4.3%General Gov 3.9%Human Services 2.6%Judicial Branch 0.9%Legislative Branch 0.4%
27.6%
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State Savings Account Must Be Rebuilt
FY 2001 FY 2002 FY 2003 FY 2004 FY 2005 FY 2006 FY 2007 FY 2008 FY 2009 FY 2010 FY 2011 FY 2012 $-
$200,000,000
$400,000,000
$600,000,000
$800,000,000
$1,000,000,000
$1,200,000,000
$1,400,000,000
$1,600,000,000
$7
23
M
$700 million
$260 million
$51 million
$257 million
$793 million
$1
.54
B
$566 million
$103 million
$116 million $328 million
$3
78
M
18Days of reserves
2002
29
State Savings Depleted During Recession
Days of reserves2008
2
$103 M2010
7.6
Days of reserves2013
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Q & A
Budget Overview | www.gbpi.org
![Page 20: Budget Overview | Georgia Budget & Policy Institute Claire Suggs, Senior Education Policy Analyst November 11, 2013 Education Funding Overview](https://reader036.vdocument.in/reader036/viewer/2022062422/56649e895503460f94b8eb93/html5/thumbnails/20.jpg)
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