In Michigan, school funding has increased, but schools aren’t seeing much of the money. Instead, most of the funding increases are going toward paying off the state’s retirement debt.
A common perception about how we pay public sector workers is fundamentally flawed.
At one elementary school, the average income is almost $250,000 per year. Is this school really more “public” than an inner-city Catholic school serving poor minority children? The public spends $12,000 per child on the former and $0 per child on the latter. Tell me again why that’s fair?
Pension plans have not made much of a dent in their long-term unfunded debt. How could this be?
In an op-ed in the Wall Street Journal, Paul Peterson looks at why it is so popular for politicians to call for more spending on schools.
Why do American public schools spend more of their operating budgets on non-teachers than almost every other country in the world, including nations that are as prosperous and humane as ours?
The majority of teachers in these cities do not remain in the same district long enough to qualify for even a minimal pension, and only a very tiny fraction of teachers stay long enough to receive a pension that would be sufficient for a stable retirement.
Will states and cities facing skyrocketing costs find a way to protect the retirement benefits that people have already earned while making changes to the way benefits are earned in the future?
Illinois recently passed pension reform legislation with robust bipartisan support. Here’s how and why it happened.
Cities and states faced with rising pension costs have begun to search for the most effective way to balance retirement promises made to workers with the need for fiscal sustainability and employer flexibility.
The fact that Missouri’s defined benefit pension systems do not tie an individual’s contributions directly to his or her pension benefits causes numerous problems.
There’s clearly a slam-dunk case for eliminating—or at least dramatically shortening—summer vacation, which fits into a broader push to lengthen the school year beyond the 180 days that is typical in the U.S.
Rhode Island is among the few states that have enacted sweeping pension reforms. Accurate information about the effects of those changes is vital both locally and to other states deciding which changes to make to their own retirement systems.
The “stewards” of the system benefit the most
Without immediate action, the pension funding problem will grow worse and school districts will eventually get crushed—meaning tomorrow’s children will pay the price for yesterday’s adult irresponsibility. State lawmakers need to step up to the plate.
The court’s decisive ruling upholding the constitutionality of the current system will make it much more difficult to convince Colorado voters to open their wallets.
Insurance costs for teachers are 26 percent higher than they are for private-sector professionals
The 2012 EdNext-PEPG survey finds Hispanics give schools a higher grade than others do
Strategies for improving productivity in times of austerity
When students decide to take a course online, should all the state funding for the course go to the organization that offers the course, or should some funding also go to local school districts to help defray other school costs?
Sacramento’s teacher of the year just lost her job as result of budget cuts in a district that mandates layoffs according to seniority, not performance.
Are advocacy organizations changing the politics of education?
Did you know that school bus drivers and cafeteria workers file unemployment claims whenever schools take a vacation break?
Rather than hope for revenue increases that are unlikely to materialize, smart leaders can turn the present budget crisis into an opportunity. Rethinking whom we hire, what they do, how we pay them, and how to incorporate technology—that’s where the big payoff is
Liberals and conservatives alike have made “weighted student funding” a core idea of their reform prescriptions. Both groups see such weighted funding as providing more dollars to the specific schools they tend to focus upon, and both see it as inspiring improved achievement through newfound political pressures. Unfortunately, both groups are very likely wrong.