Education: Spending

The overall total average revenue and expenditure for school system with the resultant and outstanding debt.
The overall total average revenue and expenditure for school system with the resultant and outstanding debt.  

Related "Issue of the Day" Entries

Funds Now Available to Help Education Woes
Published Thursday, April 16th, 2009

On April 1st the Secretary of Education Arne Duncan announced that $44 billion for states and schools is available under the Recovery and Reinvestment Act. The investment will herald in new reforms and save hundreds of thousands of jobs who before the Act were subject to state and local budget cuts. The package includes $26.6 billion to save jobs and improve K-12 and higher education, as well as a separate $6 billion in a Government Services Fund to pay for education, public safety and other government services. Funds left over will be distributed later this year as applications are approved. Guidelines for the monies includes improvements in the effectiveness of teaching, progress towards college and career ready standards, improving achievement standards, plus data gathering through enhanced data systems that track progress.

US education spending has reached $93.4 billion, as of 2006, nearly three times 2000 levels. Yet, after that climb the amount dropped to $63.5 billion or 2.3% of the entire 2009 budget. With many districts spending above their allotted revenue, their debt has crept up to more than half their yearly revenue. Comparing education expenses as a percentage of country gross domestic product, the US is in the bottom third of top grossing countries.

Posted in Budget, Education | No Comments »

The Final Stimulus Package
Published Friday, February 20th, 2009

This week in Denver, the President signed the $787 billion stimulus package that streaked its way through Congress. The final bill is split into 36% for tax cuts and 64% percent in spending and money for social programs. Overall, it is $38 billion different from the original plan President Obama had introduced earlier in January. Highlights include:

• $787 billion total, $38 billion subtracted from original
• $308 billion in total spending, $142 billion subtracted (Federal Budget)
• $190 billion in Federal Aid for Education, Public Safety, Low-income, Individual and Health Care (Number of U.S. citizens below the poverty level)
• $288 billion in tax relief ($800—down from $1000—tax cuts for families, $400 tax cuts for individuals through social security payroll deductions, Business, Manufacturing, Economy, Infrastructure, Energy and other tax cuts), $13 billion added (Tax as a percentage of GDP)
• $48 billion for infrastructure, $42 billion subtracted (Spending on infrastructure)
• $90 billion Medicaid aid to states, $3 billion added (Public and private expenditures for health care)
• $53.6 billion to aid state in education, $25.4 billion subtracted
(Spending for the Department of Education)
• $44.6 billion for additional school funding to balance education budgets, prevent cutbacks and modernize schools, $3.6 billion added (Average finances by school district size and Higher education spending)
• $45 billion to encourage renewable energy production, $9 billion subtracted
(Non-Renewable v. Renewable)
• $18.6 billion for health care technology incentives and research for effective treatments, $5.4 billion subtracted (Cost per patient per day and per stay)
• $16 billion for Science/technology, equal (Research funds for science and technology)
• $15.6 billion to increase Pell Grants by $500, $0.6 billion added
(Rising tuition)

Of course, this is just the combined highlights; the Stimulus and Recovery Act is well over 1,000 pages long.  The administration, in an effort to become more tranparent, has set up a site in which anyone can track how and where the money is being spent: www.recovery.gov

Posted in Budget, Economics, Education, Energy, Healthcare, Poverty, Research, Taxes, Transportation | No Comments »

The Stimulus Package, Before the Politicking
Published Thursday, January 29th, 2009

Last night, the US House of Representatives passed its version of President Obama’s Stimulus package.  The original package-as of January 15th-before the House debated and changed the bill, contained the following provisions:

• $825 billion total
• $550 billion in new spending. (Federal Budget)
• $275 billion in tax relief ($1,000 tax cut for families, $500 tax cut for individuals through SS payroll deductions). (Tax as a percentage of GDP)
• $ 90 billion for infrastructure (Spending on infrastructure)
• $ 87 billion Medicaid aid to states. (Numbers of enrollees)
• $ 79 billion school districts/public colleges to prevent cutbacks. (Average finances by school district size)
$ 41 billion for additional school funding ($14 billion for school modernizations and repairs, $13 billion for Title I, $13 billion for IDEA special education funding, $1 billion for education technology) (Spending for the Department of Education)
$ 54 billion to encourage energy production from renewable sources (Non-Renewable v. Renewable)
• $ 24 billion for “health information technology to prevent medical mistakes, provide better care to patients and introduce cost-saving efficiencies” and “to provide for preventative care and to evaluate the most effective health care treatments.” (Cost
per patient per day and per stay)
• $ 16 billion for science/technology ($10 billion for science facilities, research, and instrumentation; $6 billion to expand broadband to rural areas). (Research funds for science and technology)
• $ 15 billion to increase Pell grants by $500 (Rising tuition)
• $ 6 billion for “higher education modernization.” (Higher education Spending)

Posted in Budget, Education, Energy, Healthcare, Research, Taxes, Transportation | No Comments »

Learn More

U.S. Department Of Education - http://www.ed.gov/index.jhtml?src=a
The Department of Education was created in 1980 by combining offices from several federal agencies. The Department's mission is to promote student achievement and preparation for global competitiveness by fostering educational excellence and ensuring equal access. The site contains a host of statistics and research regarding all aspects of the issues of education.

Take Action

FREE -- Federal Resources for Educational Excellence - http://free.ed.gov/index.cfm
FREE makes it easier to find teaching and learning resources from the federal government. More than 1,500 federally supported teaching and learning resources are included from dozens of federal agencies. New sites are added regularly.