Georgia Budget and Policy Institute Budget Analysis for FY2017 and FY2018

Thursday February 23, 2017

Gov. Nathan Deal’s budget proposal for the 2018 fiscal year boosts funding for Georgia’s 1.7 million public school students by $515 million over the current budget for a total of $9.4 billion. The proposal includes a 2 percent salary increase for authorized teachers. At the same time, districts face growing financial pressures. The budget calls for $166 million less than the state’s school funding formula calculates school systems should receive. School districts will need to pay nearly $30 million more for health insurance for bus drivers and other non-teaching staff, and that’s on top of steep price hikes in previous years. Districts will also shoulder a portion of rising retirement costs and offset shrinking state funding for student transportation.Gov. Nathan Deal’s budget proposal for the 2018 fiscal year boosts funding for Georgia’s 1.7 million public school students by $515 million over the current budget for a total of $9.4 billion. The proposal includes a 2 percent salary increase for authorized teachers. At the same time, districts face growing financial pressures. The budget calls for $166 million less than the state’s school funding formula calculates school systems should receive. School districts will need to pay nearly $30 million more for health insurance for bus drivers and other non-teaching staff, and that’s on top of steep price hikes in previous years. Districts will also shoulder a portion of rising retirement costs and offset shrinking state funding for student transportation. For the full story, download the article below.

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