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Growing Illinois Keeping Illinois Competitive

Growing Illinois Keeping Illinois Competitive. Message Points Two “Appetites” for Education: Dollars For Education; Skills for our Economy. Daunting demographics are ahead for US/Illinois Workforce Reversing current education trends requires knowledge of problem and will to solve

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Growing Illinois Keeping Illinois Competitive

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  1. Growing IllinoisKeeping Illinois Competitive • Message Points • Two “Appetites” for Education: Dollars For Education; Skills for our Economy. • Daunting demographics are ahead for US/Illinois Workforce • Reversing current education trends requires knowledge of problem and will to solve • Illinois’ biggest appetite deficit???

  2. Education Funding Appetite 1995-2002 Period Highlights • Overall revenue growth from $11.7 billion to $18.6 billion • Smallest overall increase 3.47% (2002) • Largest overall increase 9.36% (1999) • State Spending grew from $3.8 billion to $7.2 billion • Smallest state increase: 5.33% (1996) • Largest state increase: 16.6% (1999)

  3. Education Funding Appetite 1995-2002 Period Highlights • State funding increases by Administration: (Using current administration’s calculation methodology) • Blagojevich Ryan Edgar (2004-2007) (2000-2003) (1996-1999) $3.842 B $4.588 B $3.633 B • State Funding Increases during period: (Using current administration’s calculation methodology $8.523 Billion

  4. Education Funding Appetite---Unequalled Revenue Increases… Education Revenues from 1995 to 2002: (Net to Districts—FS9697; FS0102) 1995 2002 • Federal .759 1.431 • State 3.476 5.367 • Local 8.656 11.121 • TOTAL 12.891 17.920 • INCREASE 1995-2002: 5.029 39%

  5. Education Funding Appetite… And Spending Increases • Education Spending: (Net to Districts—FS9697; FS0102) 1995 total Spending: $13.657 2002 total Spending: $20.228 INCREASE: $ 6.571 48%

  6. Education Funding Appetite1995-2002 Rev/Exp Summary 1995 2002 Increase Revenues 12.891 17.920 5.029 Spending 13.657 20.228 6.571 GAP .766 2.308 1.542 Number of Districts deficit spending: 484 733

  7. Education Funding Appetite— Red Ink in the poorest districts… • Of the 48 Illinois School Districts with the Lowest Equalized Assessed Value per pupil (EAVPP) • In 1995: 29 had budget deficits • In 2002: 39 had budget deficits

  8. Education Funding Appetite— …and Red Ink in the Richest Districts • Of the 50 Illinois School Districts with the Highest EAVPP • In 1995: 21 had budget deficits • In 2002: 36 had budget deficits

  9. Education Funding Appetite Operating Expenditures per pupil • Unprecedented growth in state spending raised the spending in the lowest spending districts 1995 2002 Diff % Lowest 3,342 $4,829 $1,487 44%

  10. Education Funding AppetiteOperating Expenditures per pupil • But the highest spending districts grew too: 1995 2002 Diff % Highest $16,260 $20,173 $3,913 24% • Leaving an even larger spending gap: 1995 2002 Highest $16,260 $20,173 Lowest $ 3,342 $ 4,829 Difference $12,918 $15,344

  11. Education Funding AppetiteFunding to Performance--2004 • The lowest spending district: • Central District 51 $4,438 per pupil • The Highest spending district: • Rondout $23,799 per pupil • Meets/Exceeds Math Reading Science • Rondout Central Dist 51 84% 90%

  12. Education Funding AppetiteToday’s increase at tomorrow’s cost • Increases in Education Spending FY2006 FY2007 $330 Million $415 Million • Teacher Pension Funding Cuts: FY2006 FY2007 $523.9 Million $495.1 Million

  13. Education Funding AppetiteSummary • During the highest revenue growth period EVER for Illinois Schools: • Spending outpaced revenues at even greater rates • The number of districts deficit spending increased; with deficit spending increasing more in high spending districts than low spending districts • Gaps between lowest and highest spending districts deepened, with student performance in the lowest spending district as good as—or better—than student performance in the highest spending district. • FY06 and FY07, Administration boasts education increase of $745 million, yet cut teacher pensions by $1.02 billion.

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