Elementary & Secondary Education

 

Elementary & Secondary Education

Information relating to K-12 education funding and policy. In fiscal 2011, Elementary and secondary (K-12) education represented the largest category of state general fund spending at 35.0 percent. However due to rising health care costs, K-12 education is now the second largest component of total state spending at 20.1 percent, slightly below Medicaid’s 23.6 percent of state budgets. In the coming years, states will likely face changes in K-12 education funding policies as Congress reauthorizes the Elementary and Secondary Education Act, better known as No Child Left Behind.

Staff Contact: Kathryn Vesey White

NASBO Publications

  • State budgets are expected to continue their trend of moderate growth in fiscal 2015 according to governors’ spending proposals. Consistent year-over-year growth has helped states achieve relative budget stability, but progress remains slow for many states. With each passing year of slow improvement, more and more states are moving beyond recession induced declines and returning to spending and revenue growth. According to executive budgets, general fund spending is projected to increase by 2.9 percent in fiscal 2015.
  • State fiscal conditions are modestly improving in fiscal 2014 with spending and revenues projected to rise above fiscal 2013 levels. Signs of fiscal distress continue to subside, and most states expect revenue and spending growth in fiscal 2014. Tax collections outperformed projections in fiscal 2013, and revenues experienced steady gains in most states. Although revenues are expected to increase in fiscal 2014, states are not projecting a rise in tax collections comparable to the gains in fiscal 2013.