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

  • Enacted state budgets for fiscal 2016 represent a sixth consecutive year of spending and revenue growth, according to this report. Forty-three states enacted general fund spending increases for fiscal 2016, helping to bolster core services such as K-12 education and health care. Overall, state fiscal conditions continue to be stable, but growth remains modest and long-term spending pressures continue to increase, often faster than state revenues. Watch Webinar for an Overview of the Report
  • Highlights include:- In fiscal 2015, total state spending increased at its fastest rate since 1992, primarily due to growth in federal Medicaid funds resulting from the Affordable Care Act (ACA).- Spending from states’ own funds moderately grew in fiscal 2015, while federal funds to states rapidly increased due to the ACA.- Medicaid represented over half of all federal funds to states in fiscal 2015.- State revenue growth accelerated in fiscal 2015, although it was hampered somewhat by the decline in oil prices.
  • This report shows that state budgets are expected to continue on a path of stable, moderate growth, with 42 governors recommending spending increases for fiscal 2016. However, progress is slow, and structural issues and long-term spending pressures will require difficult budget choices for many states. States’ spending proposals continue to be cautious as they plan for limited revenue growth.

Recently Released Reports