1. Education Funding Overview Budget Overview | www.gbpi.org GPEE Media Symposium Claire Suggs, Senior Education Policy Analyst

2. 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.

3. Budget Overview | www.gbpi.org Our Policy Area Focus Taxes Budget Education Health Care Economic Security Economic Development

4. K12 Funding in Georgia 51.5% Education 51.5% Education Other 27.6% QBE funding formula overview Current funding context 2015 legislative session

5. QBE Overview 51.5% Education 51.5% Education Other 27.6% QBE has 3 primary components: Number of full-time equivalent students (FTEs) Class size Teacher salary based on training and experience

6. QBE: What Else Does It Help Cover? 51.5% Education 51.5% Education Other 27.6% School staff specialists Central office administration School administration Instructional materials

7. State Budget Revenue Sources

8. QBE Austerity Cuts

9. State Funding 51.5% Education 51.5% Education Other 27.6% Since 2002 state funding per student has declined an average of 12 percent in inflation-adjusted dollars

10. Shifting responsibility for K-12 funding SOURCE: Georgia Department of Education

11. Rising Number of Students in Poverty

12. FY 2014 State General & Motor Fuel Funds Budget ($18.8 billion) Local Funding 51.5% Education 51.5% Education Other 27.6%  Tax digest fell in nearly 90% of districts by an average of 21.7% in inflation-adjusted dollars.  135 districts raised millage rates  Local revenues fell in 89 districts by an average of 20%; these districts enroll nearly 80% of all students Between 2008 and 2013 :

13. Impact of Funding Losses 51.5% Education 51.5% Education Other 27.6% 33 percent of responding districts cut the school year 85 percent increased class size About 84 percent have fewer teachers About 68 percent have eliminated instructional support positions About 77 percent have cut central office staff Nearly 73 percent are using reserve funds this year

14. Impact of Funding Losses 51.5% Education 51.5% Education Other 27.6%

15. How Squeezed Are You?

16. 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 www.facebook.com/gabudget @gabudget @clairevsuggs