BUDGET OVERVIEW: HOUSE vs SENATE FOCUS ON EDUCATION FUNDING Nancy - - PowerPoint PPT Presentation

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BUDGET OVERVIEW: HOUSE vs SENATE FOCUS ON EDUCATION FUNDING Nancy - - PowerPoint PPT Presentation

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BUDGET OVERVIEW: HOUSE vs SENATE FOCUS ON EDUCATION FUNDING Nancy Chamberlain April 5, 2017 HOUSE SENATE TOTAL BUDGET* $44.0 Billion $43.3 Billion K-12 EDUCATION* $24.0 Billion $23.9 Billion (+ $2.126 Billion) (+$2.057 Billion) HOW

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BUDGET OVERVIEW: HOUSE vs SENATE

FOCUS ON EDUCATION FUNDING

Nancy Chamberlain – April 5, 2017

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HOUSE SENATE

TOTAL BUDGET* $44.0 Billion $43.3 Billion K-12 EDUCATION* $24.0 Billion (+ $2.126 Billion) $23.9 Billion (+$2.057 Billion) HOW TO PAY FOR IT** *Operating Budget Statewide Summary

http://fiscal.wa.gov/BudgetO.aspx **WSPTA Comparison of Education Funding Plans

NEW REVENUES

  • Four-Tier Nexus (Internet

Sales)

  • Tax Preference Closures
  • B&O Tax changes for

professional services

  • Capital Gains Excise Tax
  • Graduated REET

PROPERTY TAX SWAP

  • In CY 2018, adds $.45 per

$1,000 assessed value.

  • In CY 2019, creates a

permanent statewide levy of $1.55 per $1,000 of assessed

  • value. This is in addition to

the current $1.99 per $1,000

  • f assessed value.

CUTS TO SOCIAL SAFETY NET

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To To of

  • ffset th

the sp spending increase ses, s, the Se Senate pr propo poses sp spending reductions s

$ in millions

  • $170
  • $36
  • $429
  • $230
  • $202
  • $103
  • $108
  • $40
  • $69
  • $450
  • $400
  • $350
  • $300
  • $250
  • $200
  • $150
  • $100
  • $50

$0

  • $59

Health Care Gen Gov, Pensions, Other Policy Changes Other Human Services Early Learning & Child Care CriminalJustice

Major Net Spending Deceases in Senate Budget FY 2017-19 & 2019-21 ($1.4B as shown below)

Source: SSB 5048: Senate Operating Budget Chair Release Summary, Ways & Means Committee, Slide 7

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$0.00 $500.00 $1,000.00 $1,500.00 $2,000.00 $2,500.00 $3,000.00

2017-18 2018-19 2019-20 2020-21

Increase in State Funding per Student

Increase in State Funding per Student 2017-21

HOUSE SENATE Source: fiscal.wa.gov/DisctrictCompare03312017/xlsm

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Source: fiscal.wa.gov/DisctrictCompare03312017/xlsm

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Source: fiscal.wa.gov/DisctrictCompare03312017/xlsm

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SLIDE 7

Source: fiscal.wa.gov/DisctrictCompare03312017/xlsm

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Source: fiscal.wa.gov/DisctrictCompare03312017/xlsm

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Source: fiscal.wa.gov/DisctrictCompare03312017/xlsm

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Source: fiscal.wa.gov/DisctrictCompare03312017/xlsm

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SLIDE 11

Source: fiscal.wa.gov/DisctrictCompare03312017/xlsm

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Source: fiscal.wa.gov/DisctrictCompare03312017/xlsm

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Source: fiscal.wa.gov/DisctrictCompare03312017/xlsm

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SLIDE 14

Source: fiscal.wa.gov/DisctrictCompare03312017/xlsm

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Source: fiscal.wa.gov/DisctrictCompare03312017/xlsm

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Source: fiscal.wa.gov/DisctrictCompare03312017/xlsm

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EXTRA SLIDES

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Source: fiscal.wa.gov/DisctrictCompare03312017/xlsm

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SLIDE 19

Source: fiscal.wa.gov/DisctrictCompare03312017/xlsm

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Source: fiscal.wa.gov/DisctrictCompare03312017/xlsm

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Source: fiscal.wa.gov/DisctrictCompare03312017/xlsm

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Th The Senate budg budget ma mainly increases ne net sp spending in in th three ar areas as: K-12, 12, Com

  • mpensation
  • n, an

and Beh ehavioral Hea ealth

$ in millions

$1,795 $275 $95 $3,999 $376 $129 $0 $500 $3,500 $4,000 $4,500 K-12 Compensation BehavioralHealth Major Net Spending Increases in Chair’s Proposed Budget FY 2017-19 &2019-21 ($6.7B as shown below) $1,000 $1,500 $2,000 $2,500 $3,000 2017-19 2019-21

Source: SSB 5048: Senate Operating Budget Chair Release Summary, Ways & Means Committee, Slide 6

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Th The Se Senate budg budget pr propo poses $6.3B in in ne new w re resourc rcesov

  • ver th

the four ye year period – mo most from m the K-12 12 Local al Ef EffortLe Levy

$56 $197 $51 $422 $20 $58 $0 $500 $1,521 $1,500 $1,000 $2,000 Local EffortLevy BSA for PERS UAAL & Pub Works Fund Transfers Other

Major Resource Increases in Chair’s Proposed Budget FY 2017-19 &2019-21 ($6.3B as shown below)

$4,500 $4,045 $4,000 $3,500 $3,000 $2,500 2017-19 2019-21

3

2017-19 2019-21 $ in millions

Source: SSB 5048: Senate Operating Budget Chair Release Summary, Ways & Means Committee, Slide 8