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IL National Funding Summary Guide (FY24).pdf

IL-National-Funding-Summary-Guide-FY24.pdf
Preview of IL National Funding Summary Guide (FY24)
🔗 Source: imaginelearning.com
📊 Size: 790 KB
📄 Pages: 8 pages
⬇️ Downloads: 92

Summary

The US K-12 education funding landscape is facing critical decisions due to a potential economic recession and a 2025 "funding cliff." Historically, primary funding revenue streams come from state and local governments (90% of total education revenues) and the federal government (8-10%). In FY21, nearly $749 billion was directed towards elementary and secondary education, with $17,015 per pupil revenues. Since the 2020-21 school year, over $200 billion in one-time emergency relief funds have been received, which are now expiring. As of October 2023, $72.2 billion remains to be obligated and spent. FY24 looks promising, with most states forecasting growth and the US Department of Education proposing a $90 billion budget. Trends include increasing base funding, reforming funding formulas, and expanding mental health programs. Emergency relief funds have supported various initiatives, including learning loss, school safety, and special education.

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Description

The US K-12 education funding landscape is facing critical decisions due to a potential economic recession and a 2025 "funding cliff." Historically, primary...

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  • File Format: PDF
  • File Size: 790 KB
  • Pages: 8
  • Language: EN
  • Total Downloads: 92
  • Last Updated: 2 months ago

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