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Fiscal Policy & Taxes

Education Budget Outlook Slide Deck

Education & School Finance (Pre & K-12)
Fiscal Policy & Taxes
State Revenue & Budget

Where are we?

  • 11.5% lower than the formula
  • Local share falling or slowing
  • State Education Fund close to depleted
  • General Fund budget in cutting mode

How did we get here?

  • Business cycle, demographic changes, and constitutional requirements

Where are we going?

  • Slower revenue growth
  • Greater pressure on expenditures

The effective date for bills enacted without a safety clause is August 7, 2024, if the General Assembly adjourns sine die on May 8, 2024, unless otherwise specified. Details