Instead, teacher raises would be based on a percentage of their current salary and their educational attainment, with higher percentages given to teachers with graduate credits or degrees. It would also allow districts to base raises on how much state funding is available, instead of negotiating wages before state funding is set, Shepherd said. During tough financial times, districts would have the flexibility to lower pay raises, potentially staving off program cuts or staff layoffs.
State spending on K-12 education rose over the past year despite lackluster tax collections, as budgets continue to tick upward from the abyss of the Great Recession. Funding in the states for education increased by 4 percent in fiscal 2017, a bump from 2.9 percent a year before, according to a report released today by the National Association of State Budget Officers.
Arizona’s 35-year-old school-funding formula was created before charter schools and other school choice options were part of the equation. As those options were added, the formula was not overhauled. Instead, it was tweaked to squeeze them in.
Every year, the state of Texas and local school districts pay more and more for public education. Together, they’ll spend a projected $46 billion on Texas schools in 2017. That money comes from two main places: the state government and local property taxes. But that burden isn’t shared equally.
Olentangy is supposed to get more. A lot more — about $80 million over the next two years, based on the state funding formula. But the district, like 133 others around the state, is subjected to an arbitrary funding cap that restricts its increase, regardless of enrollment growth.
The awards are the first since the Legislature agreed last year to set aside $100 million to help privately run charter schools borrow money at lower interest rates. The state is effectively guaranteeing that lenders will not miss payments.
Senate Bill 1480, which would allocate an additional $3 billion of the Permanent School Fund to back charter school bonds, passed the Senate Monday, with four Republicans voting against the measure. The $30 billion Permanent School Fund, the largest education endowment in the country, guarantees bonds from traditional school districts and charter schools, allowing them to borrow money for construction at lower interest rates.
The Arizona Legislature has passed one of the most expansive school-voucher programs in the nation. The program gives public funds to students to use on private-school tuition, therapies and other educational services. Republican lawmakers narrowly approved the plan, which allows an estimated 30,000 students to take part in the program by 2022.
The Taxpayers Guide to Education Spending 2017 shows the myriad ways which school district numbers can be divided, with several categories of per pupil costs, including one labeled “actual per pupil costs.” But trying to compare district to district can be a daunting affair, even if the state does try to eliminate some variables, such as transportation costs, the amount of pension costs for local teachers paid by the district or even judgments against the school district. Click here for an interactive map of district per-pupil spending from NJ Spotlight.