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Education Funding Overview Georgia Budget & Policy Institute Claire Suggs, Senior Education Policy Analyst June 6, 2014 Budget Overview | www.gbpi.org Who We Are The Georgia Budget and Policy Institute produces research and state budget

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Education Funding Overview

Budget Overview | www.gbpi.org

Georgia Budget & Policy Institute

Claire Suggs, Senior Education Policy Analyst June 6, 2014

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Budget Overview | www.gbpi.org

Who We Are

The Georgia Budget and Policy Institute produces research and state budget analysis to show ways Georgia can provide better education, health care and opportunity for everyone.

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State Funding

51.5%

Education

51.5% Education

Other Other 27.6%

State funding per student has declined 15.3 percent The percent of economically disadvantaged students climbed from 45 to 60 percent.

Since 2002 in Georgia:

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K-12 Formula Underfunded by $1 Billion in 2014

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Shifting responsibility for K-12 funding

State 56% Local 38% Federal 6%

State of Georgia: Funding sources for K-12 education, FY2002

SOURCE: Georgia Department of Education

State 51% Local 41% Federal 8%

State of Georgia: Funding Sources for K-12 Education, FY 2013

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Local Funding

51.5%

Education

51.5% Education

Other Other 27.6%

Tax digest fell 17.3 percent between 2008 and 2012. Local revenue per student fell by 5.8 percent.

Between 2008 and 2012:

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Impact of Funding Losses

51.5%

Education

51.5% Education

Other Other 27.6%

71 percent of responding districts cut the school year

95 percent increased class size About 70 percent have eliminated instructional support positions Nearly 80 percent have cut central office staff 82 percent are using reserve funds this year

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Impact of Funding Losses

51.5%

Education

51.5% Education

Other Other 27.6%

38% 42% 62% 26%

0% 10% 20% 30% 40% 50% 60% 70%

Scaling back programs for struggling students Reducing or eliminating art

r music

Eliminating elective courses Reducing non-athletic extracurricular programs

Percent of Districts Reducing Programs

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FY 2015 Budget ($19.9 Billion)

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Revenue Sources

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Georgia Revenue by the Numbers 49th State tax revenue per person (2012) 46th State tax revenue as percentage of income (2012) 46th State and local tax revenue per capita (2011)

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Georgia’s Revenue at Historic Low

–

6.0% 6.3% 6.0% 5.6% 6.0% 5.9% 6.0% 6.0% 6.0% 5.8% 5.9% 5.9% 6.0% 5.6% 5.3% 5.3% 5.4% 5.6% 5.7% 5.5% 5.1% 4.5% 4.6% 4.7% 4.7% 4.0% 4.5% 5.0% 5.5% 6.0% 6.5% 7.0% FY 1989 FY 1991 FY 1993 FY 1995 FY 1997 FY 1999 FY 2001 FY 2003 FY 2005 FY 2007 FY 2009 FY 2011 FY 2013

6.0%

1989

5.3%

2003

4.6%

2010

Georgia Revenue as a Percentage of Income at Historic Low

4.7%

2014

5.7%

2007

Revenues as a Percentage of Income Fiscal Years 1989 – 2014

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Revenues Finally Surpass 2007 Levels

General and Motor Fuel Funds 2007-2015 Fiscal Years

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Per Capita Revenues Still below 2007

$2,011 $1,968

$1,741

$1,566 $1,688 $1,742 $1,831 $1,879 $1,944

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Total QBE Funding FY 2015 ($514 Million)

$480 Million $29 Million

$5 Million

QBE QBE Local 5 Mill Share QBE Equalization

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QBE Funding FY 2015 ($480 Million)

$314 Million $100 Million

$57 Million $9 Million

Partial Restoration K-12 Formula Cut Formula Growth (Enrollment and T&E) Teacher Retirement System Other

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K-12 Formula Underfunded by $747 Million in 2015

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LET’S STAY CONNECTED

Please sign up for our electronic email alerts on our website, like us on Facebook and follow us on Twitter. Claire Suggs, Senior Policy Analyst csuggs@gbpi.org www.gbpi.org