1 / 90

State of Education

State of Education. Urban vs. Suburban Graduation Rates 2005. Worst High School Graduation Rates of 50 Largest Cities. Omaha, NE 55.1% Houston 54.6 Portland, OR 53.6 Las Vegas 53.1 San Antonio 51.9 Chicago 51.5 Tulsa 50.6 Jacksonville 50.2 Philadelphia 49.6 Miami 49.0

dieter
Download Presentation

State of Education

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. State of Education

  2. Urban vs. Suburban Graduation Rates 2005

  3. Worst High School Graduation Rates of 50 Largest Cities Omaha, NE 55.1% Houston 54.6 Portland, OR 53.6 Las Vegas 53.1 San Antonio 51.9 Chicago 51.5 Tulsa 50.6 Jacksonville 50.2 Philadelphia 49.6 Miami 49.0 Oklahoma City 47.5 Denver 46.3 Milwaukee 46.1% Atlanta 46.1 Kansas City, MO 45.7 Oakland, CA 45.6 Los Angeles 45.3 New York 45.2 Dallas 44.4 Minneapolis, MN 43.7 Columbus 40.9 Baltimore 34.6 Cleveland 34.1 Indianapolis 30.5 GRAND PRIZE – Detroit 24.9% America’s Promise Alliance 2008

  4. K-12 Education Cost vs. Achievement of 17-year-olds since 1970

  5. Public School Enrollment vs. Public School Employment Since 1970

  6. Tracking Graduation Rates http://apps.arcwebservices.com/edweekv3/default.jsp

  7. Education Shapes Economics

  8. U.S. Education Attainment25 Years and Over, 1940-2010 High School Diploma Percent of Population Bachelor’s Degree or Higher Data Source: U.S. Census Bureau, 2011

  9. Unemployment by Education Level Unemployment Rate Data Source: Federal Reserve, 2011

  10. The History of Retirement

  11. History of Retirement Retirement: a complete and permanent withdrawal from paid labor. Historically, retirement has been solely for the rich, however, since 1880 there has been a steady increase in retirement rates. If the current retirement trend continues, 20 year olds today in the US, UK, France and Germany can expect to live 1/3 of their lives in retirement.

  12. Union Pensions Union army veterans retired at a higher rate at all ages than the general public. Union pensions reflect a pure income effect on labor supply. In 1900, a 1% increase in pension benefits increased retirement rates by .73%.

  13. % of Population Aged65 and Older Source: Evolution of Retirement, Costa.

  14. Who We Support Today with Entitlement Spending Population currently over 65 Thousands

  15. Population over 65 by 2025 Who We Will Support in the Future Population currently over 65 Thousands

  16. Why 65? “Age 65 is generally set as the threshold of old age since it is at this period of life that the rates for sickness and death begin to show a marked increase over those of the earlier years” -Issac Rubinow, 1916 “It is a commonplace fact that physical ability, mental alertness and cooperativeness tend to fail after a man is 65” -Federal Government before the Supreme Court, 1936

  17. Age Discrimination Retirement rates increased from age discrimination at the beginning of the 20th century resulting from: Shorter workdays Scientific Management

  18. Importance of Social Security Benefits to Those Aged 65+ 34% 35% 90% to 100% of Income Less than 50% of Income 50% to 90% of Income 31% Source: SSA 2005

  19. Unfunded Entitlement Obligations In $trillions Includes Social Security and Medicare $46 trillion Addition of Medicare Part D Source: The White House, US Treasury

  20. Rats off the Pension Ship Companies cannot afford to offer pensions, so shift burden to individuals If companies, with consultants and resources, cannot figure out how to provide income over a person’s retirement, what makes an individual qualified to do so?

  21. Video Can You Afford to Retire?

  22. BREAK

  23. www.dilbert.com

  24. The State of the States

  25. State Pension Funding Levels 2008 Source: Pew Center, The Trillion Dollar Gap, February 2010

  26. Estimated State Government OPEB Funding Source: Pew Center, The Trillion Dollar Gap, February 2010

  27. Scorecard For States

  28. Comparing Pension & OPEB Funding and Liabilities

  29. State Budget Gaps2008-2013

  30. Bargaining With Public Employees After Wagner Act (private unionization), public employees petitioned for same right, they were denied by FDR JFK signed executive order #10988, which allowed collective bargaining by public employees – setting up current failure of system

  31. State vs. Private Employee Hourly Compensation Source: “A Hidden Toll as States Shift to Contract Workers,” New York Times. 11/6/2011

  32. State and Local Government Revenues Source: Internal Revenue Service

  33. Income and Sales Tax Dropped, but Almost Back Source: Rockefeller Institute, State Revenue Report; February, 2011

  34. State Budget Gaps Source: CBO & Pew Center

  35. Property Tax Revenue Still Falling Source: Rockefeller Institute, State Revenue Report; July, 2011

  36. The “State” of California www.lao.ca.gov

  37. State and Local Revenue Adjusted for Inflation, estimated through 2011 Data Source: Rockefeller Institute, 2011

  38. Tax Receipts Fell Most taxes come from levies on three things: Income (personal and corporate) Consumption (sales, vehicle, fuel, etc.) Assets (property, inventory, etc.) All three main areas fell, but property taxes are greatest worry Article #31, DOT

  39. So States Are Raising Rates Revenue Increases Have Helped to Lessen Cuts to Services Several states facing large budget shortfalls have averted deep cuts in vital services by enacting temporary or permanent revenue increases. In late 2007 and 2008, some ten states enacted tax increases, closed loopholes, restricted tax credits, or implemented other revenue-raising measures. Major packages were enacted in Maryland, Michigan, and New York. Since the recession began, over 30 states have raised taxes, sometimes quite significantly. Increases have been enacted or are under consideration in personal income, business, sales, and excise taxes. Major state revenue packages have been enacted in California, Colorado, Connecticut, Delaware, Hawaii, Nevada, New York, North Carolina, Washington and Wisconsin, among other states. Center on Budget Policy & Priorities, 8/4/10

  40. Taxes Rose in 49 StatesYear over Year Changes, 2010-2011

  41. Taxes Rose in 49 StatesYear over Year Changes, 2010-2011

  42. Money Flows, But at What Cost? Source: Rockefeller Institute, State Revenue Report; July, 2011

  43. The Federal Government

  44. Government Revenue as Percent of GDP Data Source: St. Louis Federal Reserve

  45. Distribution of Federal Spending Data Source: Office of Management and Budget, 2011

  46. “Other” Spending Explained Other Discretionary Spending Represent all Federal Agencies Other Mandatory Spending is allocated to rebates and Federal assistance programs such as the Earned Income tax credit, Veteran’s Benefits, Unemployment Insurance, Federal Employee Retirement and Disability, Supplemental SS and Food Stamps Data Source: Office of Management and Budget, 2011

  47. Federal Government Expenditures and Receipts In billions of USD Data Source: St. Louis Federal Reserve, 2011

  48. Effective Federal Tax Rates, All Payers Data Source: Congressional Budget Office

  49. Taxes and the Rich Source: IRS, Statistics of Income, 2008

  50. 2010 Federal Tax Schedule 33% 35% 28% 25% 15% 10% $8,375 S $16,750 M $34,000 S $68,000 M $82,400 S $137,300 M $171,850 S $209,250 M $373,650 S $373,650 M Source: IRS

More Related