1 / 19

Education Funding in Michigan

Explore the allocation of funds for public education in Michigan and the role played by the Michigan Lottery. Learn about the state budget, the percentage of funds dedicated to education, and the contribution made by the lottery. Evaluate whether the lottery is a reliable source of funding for education.

wilcoxen
Download Presentation

Education Funding in Michigan

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. Education Funding in Michigan Jon Roach TE 301

  2. Funding Education in Michigan Is the Michigan lottery worth the gamble?

  3. Introduction • How much money is going toward public education? • How much of this money is coming from the Michigan Lottery?

  4. The State Budget The State Budget • Our state budget for fiscal year 2004 is 39 billion dollars • How much of this 39 billion goes toward education in Michigan?

  5. Jon-O • You’ve all heard of Keno, now lets play Jon-O • The game is going to help show how the state budget is dispersed

  6. Jon-O

  7. Jon-O

  8. Jon-O

  9. Jon-O

  10. Jon-O

  11. Jon-O

  12. Jon-O

  13. How much is 39% ? • The total education spending for 2004 comes to 12.4 billion • 11.2 billion comes from the state budget • 1.2 billion is federally funded

  14. How much of the Education fund comes from the lottery? • Five % of this 11.2 billion dollars comes from lottery • Five % equals 613.5 million dollars • This is out of a total of 1.726 billion, or about 35% • This was second on lottery revenue distribution only to payout to winners • The lottery increases it’s contribution almost every year, last year it was a 4.5% increase

  15. Is the lottery a good source of money for education? • The Michigan lottery was implemented in 1973 • It was decided at the time of its introductory to supply money from its revenues to Michigan Education • However, at the same time, other avenues of support for Michigan education were closed, canceling its affects

  16. The Future • Michigan’s top priority is Education • Since 1990, investment in education has grown over $7 billion, a 90% increase! • Governor Granholm wants to increase the Education spending to over 14 billion

  17. Count Your Lucky Roach's Congratulations

  18. Works Cited http://www.michigan.gov/documents/2004book2_60494_7.pdf accessed June 9th, 2003. http://www.michigan.gov/minewswire/0,1607,7-136-3452_3479-51442--M_2002_9,00.html accessed June 9th, 2003. http://www.michigan.gov/documents/2002AnnualReport_61076_7.pdf accessed June 4th, 2003. http://www.michigan.gov/lottery/0,1607,7-110-888-4091--,00.html accessed June 9th, 2003.

  19. Works Cited http://www.michigan.gov/minewswire/0,1607,7-136-3452_3479-51442--M_2002_9,00.html accessed June 9th, 2003. Personal Interview with William Larose, at L’Anse Creuse High School. June 6th, 2003. Sielke, Catherine C. “Funding School Infrastructure Needs Across the States.” Journal of Education Finance, 27 (Fall 2001), 655.

More Related