State Spending on K-12 Education Is Up – Barely
The Joint Legislative Budget Committee staff has issued its annual calculation of K-12 education spending over the last ten years – from fiscal year 2006 through the current fiscal year (2015).
Compared to last year, fiscal year 2015 per-pupil funding, adjusted for inflation, has increased by $17 to $3,529, a 0.5% increase. This is still significantly less than fiscal year 2008, when per-pupil spending was $4,654. So spending per student this year is $1,125 and 24% LOWER than fiscal year 2008.
Beginning in fiscal year 2014, the legislature is once again following the voter mandate to include annual inflationary adjustments in the K-12 statutory formula. This formula was only partially funded during fiscal years 2011 through 2013. An ongoing court case will require the legislature to increase annual funding by $317 million and may require payment of the funding that was missing during those three years.