Former budget director for Republican and Democratic governors, Duane Goossen, warns it’s time to foreclose on the “fiscal experiment”. These figures represent future challenges for Kansas school districts. “That promise has not been borne out by the results so far: Revenue fell $688 million in fiscal year 2014. In the first three months of FY 2015, revenue has continued to go lower. The state’s savings account has been emptied out to pay for the growing imbalance between revenue and expenses. Kansas faces a financial crisis that imperils education and other vital services. “So now the promise has changed...
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Kansas has fifth largest percentage cut in school funding
“Kansas has the fifth largest percentage cut in public school funding in the nation based on a comparison of spending before the Great Recession and now, according to a report released Thursday by the Center on Budget Policy and Priorities. “The research organization’s findings echo concerns raised by the Kansas Association of School Boards and other school advocates on education funding in Kansas and will likely add fuel to the political debate over Gov. Sam Brownback’s tax cuts, which have significantly reduced the flow of revenue to the state budget — 50 percent of which funds public schools....
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Leave a Comment SMSD offers lemonade stand explanation of funding types
Are you and/or your friends confused about the differences between operating expenses, capital expenses, bonds and LOBs (Local Option Budget)? Here’s a good explanation. (Click on the video Budgeting 101: From the Student Perspective.) http://budgetfinance.smsd.org/pages/understanding.aspx...
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Leave a Comment NC charter operator profiting off of schools
We see some familiar names here. This article highlights our areas of concern. “In late February, the North Carolina chapter of the Americans for Prosperity Foundation — a group co-founded by the libertarian billionaire Koch brothers — embarked on what it billed as a statewide tour of charter schools, a cornerstone of the group’s education agenda…Many of these companies are becoming political players in their states, working to shape the still-emerging set of rules charters must play by. A few, including Mitchell’s company, have aligned themselves with influential conservative groups, such as Americans for Prosperity and the Koch-supported...
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