On May 9, California Governor Gavin Newsom released a revised version of the state’s fiscal 2020 budget, which includes a substantial increase in minimum funding levels for K-12 public schools and community college districts, a credit positive. The new budget also benefits K-12 schools with the state agreeing to kick in added funds to help school districts with pension payments to the California State Teachers’ Retirement System….
Source: Matthew Butler, Joshua Grundleger, Emily RaimesMoody’s, Sector In-Depth, State government – US, April 9, 2019
Recent actions by states signal growing recognition that as pension burdens — unfunded liabilities and annual costs — escalate for K-12 school districts, state assistance will likely need to increase. California (Aa3 positive), Indiana (Aaa stable) and Oregon (Aa1 stable) all recently proposed budget legislation that would boost school funding by making increased payments to teacher pension plans on behalf of districts. The proposals call for one-time contributions to the pension plans rather than recurring pension contribution support on behalf of local districts like Colorado (Aa1 stable) and Michigan (Aa1 stable) have recently committed to provide. Additional states are likely to increase funding for teacher pensions,reflecting the growing credit risks underfunded plans present.
Source: Richard O. Welsh, Sheneka Williams, Shafiqua Little, Jerome Graham, Urban Affairs Review, Volume: 55 issue: 3, May 2019
From the abstract:
A growing number of states are using state-run school districts to take over and improve persistently underperforming schools. This article uses Georgia to examine the politics of state takeover. We analyze the supporting and opposing coalitions as well as the alignment between state takeover and charter schools in the campaign for the constitutional amendment to create a statewide turnaround district. Our findings show that corporate interests, the governor, and nonprofit organizations supported state takeover, whereas educators, parents, and community organizations opposed state takeover. There was bipartisan support across coalitions and a crisscrossing of interests regarding local control and the path to school improvement. There are divergent views on charter schools, with supporters of state takeover favoring charter schools.
Source: Emily K. Weisburst, Journal of Policy Analysis and Management, Volume 38, Issue 2, Spring 2019
From the abstract:
As police officers have become increasingly common in U.S. public schools, their role in school discipline has often expanded. While there is growing public debate about the consequences of police presence in schools, there is scant evidence of the impact of police on student discipline and academic outcomes. This paper provides the first quasi‐experimental estimate of funding for school police on student outcomes, leveraging variation in federal Community Oriented Policing Services (COPS) grants. Exploiting detailed data on over 2.5 million students in Texas, I find that federal grants for police in schools increase middle school discipline rates by 6 percent. The rise in discipline is driven by sanctions for low‐level offenses or school code of conduct violations. Further, I find that Black students experience the largest increases in discipline. I also find that exposure to a three‐year federal grant for school police is associated with a 2.5 percent decrease in high school graduation rates and a 4 percent decrease in college enrollment rates.
How much do teachers get paid? Explore how teacher salaries have changed in each state over the past 15 years.
A Wisconsin law stripped their union of its rights. So the teachers got to work.
From the abstract:
A signature product, this special report is the result of tracking, analyzing and identifying trends in education policy proposals featured in governors’ State of the State addresses. Check out the six education priorities – school finance, workforce development, teaching quality, early learning, postsecondary financial aid and school safety – identified by governors across the states in 2019, as well as state highlights for each priority area.
Click here to access a more in-depth resource — searchable by year, state or issue — of State of the State addresses, starting at 2005.
From the abstract:
Projections of Education Statistics to 2027 is the 46th in a series of publications initiated in 1964. This publication provides national-level data on enrollment, teachers, high school graduates, and expenditures at the elementary and secondary level, and enrollment and degrees at the postsecondary level for the past 15 years and projections to the year 2027. For the 50 states and the District of Columbia, the tables, figures, and text contain data on projections of public elementary and secondary enrollment and public high school graduates to the year 2027. The methodology section describes models and assumptions used to develop national- and state-level projections.
Weak enrollment projections highlightrising credit risk for some US colleges
Source: Cassandra Golden, Susan I Fitzgerald, Dennis M. Gephardt, Moody’s, Sector Comment, March 6, 2019
….Indeed, miserable conditions like these are not only hard on the children. They seriously impair school districts’ ability to retain their most valuable asset – their teachers. Teachers leave their jobs for a variety of reasons, but facility quality is a key factor.
Addressing the infrastructure needs of America’s public schools will be costly. However, continuing to ignore them would be even more costly. The educational impact of substandard facilities on students cannot be overstated…..
….Funding for public education, including school facilities, is primarily a state and local matter. But while most states have tried to help poor local districts with basic operating expenses – such as paying teachers and buying supplies and materials – state support for school infrastructure has been much less reliable.
Source: Denise Rappmund, Gera M. McGuire, Alexandra S. Parker, Moody’s, Issuer Comment, February 20, 2019
The agreement, which ended a three-day strike, calls for a $23 million bump in teacher compensation, which equates to 2% of the district’s fiscal 2018 budget. Despite lackluster growth in state aid, the district’s credit profile continues to improve with in-migration, a highly educated workforce and a rapidly expanding tax base….