Monday, February 15, 2010

Kentucky education budgets looking at all sources (changes the picture a bit)

Tthe general fund  education budgets gets lots of discussion, but the graphs below show a more complete picture of the trends by including the other revenues each level receive.  The 2012 numbers reflect the Governor's recommended budget, which is of course likely to be changed by the General Assembly.
Restricted funds come from user fees--a small amount for P-12, but a big one when it includes the tuition and other amounts students and families pay for higher education. 

Source notes:

The FY 2006 numbers come primarily from the FY 2006-08 Budget of the Commonwealth.  The P-12 figures include funding budgeted to the Department of Education, the Education Professional Standards Board, the Kentucky Teachers Retirement System, and the School Facilities Construction Commission.  One exception: The estimated local portion used the Department's file for 2005-06 SEEK Final Summary Data, multiplied each district's total property assessment by its current year levied tax rate, and summed the results.

The FY 2008 numbers were developed the same way, using the 2008-10 Budget of the Commonwealth and the 2007-08 SEEK data file.

The FY 2010 numbers were developed the same way, using the Governor's 2010-12 budget proposal and the 2009-10 tentative SEEK data file.

The FY 2012 numbers come primarily from the Governor's 2010-12 budget proposal.  The Governor's proposed 1.6 percent SEEK guarantee increase appears to rely in part on a 5.8 percent increase in the local 30¢ contribution from FY 2010 to FY 2012, so I applied the same rate of increase to the total local revenue.

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Updates and data on Kentucky education!