Many are underprepared for the big job of allocating education dollars
The U.S. is spending dramatically more per pupil than in decades past, yet teacher salaries have barely kept pace with inflation.
It may seem like money is tight, but we’re actually spending at a relatively high level on schools right now. When state revenues decline, districts will have to make some tough choices. Marty West talks with Marguerite Roza, the Director of the Edunomics Lab at Georgetown University, about what’s coming and how school districts can prepare.
Just like the years leading up to 2008, the last few years have yielded stronger growth in funds for schooling. And just like in 2008, there are signs of trouble ahead.
EdStat: According to the 2017 EdNext Poll, Only 46 Percent of Less-Educated White Respondents Favor Higher School Spending
Fifty-five percent of more-educated white respondents share that view.
EdStat: The U.S. Federal Government Spends Roughly $26 Billion Annually on Programs and Tax Expenditures to Support the Care and Education of Young Children
But how much are individual households spending to send a child to a center-based program when no one is helping them pay?
EdStat: Only Five of the Country’s 13,600 Districts Have Applied to the Weighted Student Funding Pilot, Part of the Every Student Succeeds Act
Why have only five of the country’s 13,600 districts applied to the weighted student funding pilot, part of the Every Student Succeeds Act?
EdStat: On Average, over the Past 10 Years, Teacher Compensation has Increased by 7.8 Percent for Retirement Benefits
During the same period of time, salaries increased by 1.4 percent a year, on average.
Maybe we need to rethink how teachers’ pay schedules are structured.
EdStat: Charter Schools Received $3,509 Less on Average in Annual Funding per Student Than District Schools in 2011
Even though charter schools and district schools receive equal funding from the state, charters generally receive less funding per student.
When charter schools opt out of state retirement plans, they usually offer their teachers an alternative.
States’ teacher pension plans have been managed so poorly that they’re now underfunded by $500 billion.
In 19 states, charter schools can offer their teachers an alternative to state retirement plans.
Pension costs, excluding Social Security and retiree health insurance, have grown from $520 per student in 2004 to $1,220 today.
Marguerite Roza is interviewed by Christine Schneider of the Walton Family Foundation about how school spending is related to efforts to improve schools.
The fact that overall funding progressivity remains low despite two decades of reforms suggests a troubling lack of progress on equitable funding of public schools.
Clashing rules and uncertain benefits for federal student-loan subsidies
Students in public charter schools receive $5,721 or 29% less in average per-pupil revenue than students in traditional public schools.
As of December 2018, school districts nationwide will be required to report exactly what they spend on each of their schools. Will that information kick off a new wave of school finance research and reform? Could it become one of the law’s most important legacies? Marty West discusses the change with Marguerite Roza of Georgetown University.
It’s troubling to see that many charter schools and CMOs are steadily accumulating fixed costs.
A sleeper provision in the Every Student Succeeds Act will serve up a motherlode of never-before-available school-level financial data.
Traditional pension benefits aren’t portable. When a teacher moves to a new state, her previous service years don’t automatically rollover for free. Instead, she starts back at zero.
Today’s dispute over comparability marks the midpoint in a decades-long struggle over whether districts have a right to skimp on funding their most troubled schools.
Communities rarely embrace tough trade-offs. We need to lean on school boards and superintendents to take their fiduciary responsibilities seriously.
Employer pension costs represent a significant drain on resources that might otherwise have been available for classroom expenditures.