Blog: Funding

The latest data from the Census Bureau’s Annual Survey of School System Finances shows employee benefits continue to eat into school budgets.
Hear from a range of perspectives on what role the federal government should play in addressing state and municipal pension debt.
California pension plans have not yet flattened the growth of unfunded liabilities. Workers and taxpayers will suffer the consequences.
The share of state education spending going to pension costs nearly doubled from 2001 to 2018.
Illinois is spending more on pension costs than it is on K-12 or higher education.
How will COVID-19 affect teacher pension plans?
Florida is gambling away a secure retirement for teachers.
Recent increases in employer pension contributions have led to a reduction in teacher salary expenditures.
New generations are being asked to pay for the promises of the past.
If you want to attract and retain good teachers, it’s probably more worthwhile to think about increasing salaries than increasing benefits.