Budget and Finance

The latest news about budget and finance, including articles, Commentaries, and special features.

Union members and state workers protest at the Maine Capitol in Augusta last month. Gov. Paul LePage approved a budget boosting education aid by $162 million, but only after a three-day partial government shutdown.
—Patrick Whittle/AP

K-12 Funding Entangled in States' Budget Drama

The fiscal standoffs that led to brief government shutdowns in a handful of states aren't the last act for policymakers still wrestling with funding issues, including over K-12 aid. (July 14, 2017)

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Transitioning to a Weighted Student-Funding Formula
In this webinar, our guests from Boston Public Schools discussed the challenges of the district's new funding strategy, and what they learned in the first year of its use.

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The Financial Crisis
This topic page features the latest news on the financial crisis and its impact on education in the United States and across the globe.

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Education Secretary Betsy DeVos uses her personal plane to fly around the country to tour schools and attend other work events as other Cabinet secretaries' flying habits have drawn scrutiny.
September 21, 2017 – AP
Gov. Dannel P. Malloy blasted the Republican’s education budget Wednesday, calling it a “hot mess” and saying it would reduce education funding to needy districts, roll back educational gains by those districts, jeopardize federal funding, and help out wealthy communities at the expense of poor ones.
September 21, 2017 – McClatchy-Tribune
The threat of federal budget cuts has some states wondering how they'll deliver on plans to beef up principal and teacher professional-development efforts.
September 6, 2017 – Education Week
The new program barely received bipartisan approval from lawmakers, while incorporating elements aimed at issues of accountability and transparency.
September 6, 2017 – Education Week
State superintendents in recent years have been given increased responsibilities, but in many cases their salaries have not kept pace. That's had implications for recruitment and retention.
August 30, 2017 – Education Week
Despite new ESSA-era responsibilities, many state schools superintendents earn much less than the heads of big local districts in their states, an Education Week salary review finds.
August 30, 2017 – Education Week
Most will distribute their share of the $400 million flexible funding grant through a formula rather than a competition, which means many districts will just get a small portion.
August 30, 2017 – Education Week
The agreements for these high-profile jobs are often chock-full of sweeteners and performance incentives, as well as hard-nosed details about duties.
August 30, 2017 – Education Week
Boston Public School teachers—already among the highest paid in the nation—could be welcomed back to school with a hefty 5 percent raise in September after the city and union reached a tentative two-year deal.
August 25, 2017 – McClatchy-Tribune
Illinois' top legislative leaders announced that they've tentatively reached a bipartisan agreement to fund public schools, but said details were still being worked out.
August 25, 2017 – AP

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