Last week, PPIC's Joe Hayes presented new findings on the role of federal pandemic funds in helping close CA's #DigitalDivide and discussed prospects for sustaining momentum now that this funding has ended. Read the recap and watch the full event 👇
Public Policy Institute of California’s Post
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ICMYI—we released our federal policy priorities for this year—a list of bold legislative and regulatory proposals to guarantee that students can finally meet their basic needs: https://lnkd.in/eKTzY2se
The Hope Center’s 2024 Federal Policy Priorities
hope.temple.edu
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Experienced higher education strategic financial consultant, expert on tuition resets and CFO search consultant
Great article on financial aid leveraging; what it is; what it does and why we need to end this practice and move back to providing financial aid to students who have financial need rather than to all students. Moving in this direction would allow schools to have more reasonable prices. https://lnkd.in/er3zTyDJ
Opinion | The Dark Art of Enrollment Management
chronicle.com
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Sharing a fantastic resource summarizing the macro trends impacting our K12 schools as we prepare for the 24-25 school year. The presentation compiles information across four "E" buckets: 1) Economy, 2) Enrollment, 3) ESSER, and 4) Employees. Special thanks to Rich Billings Dan Greenberg Carrie Stewart Brian Eschbacher Jason Shaad. # # # 📈 Economy ◾ Every state budget is funded through different revenue sources. Understand the key drivers of your states' budgets ◾ The more a state relies on sales and income taxes (vs. property taxes), the greater the risk of volatility and potential impact ◾ About half of states are projecting declines in overall tax revenue in FY24. ◾ Facilities payments (rent+debt service) are 70% higher compared to pre-pandemic ✏ Enrollment ◾ All-time low birth rates are driving significant and sustained declines in student enrollment, especially in major urban communities ◾ Approximately 600K fewer births in the 2016 vs 2021 cohort - which will enter K in 2026. ◾ NCES projects a 4.3% decline in public school enrollment by 2030, with only 5 states projected to grow ◾ Schools in states with attendance-based funding formulas (CA, NY, and TX) are increasingly impacted by students missing school 💲 ESSER ◾ The Edunomics Lab at Georgetown University analyzed states that provide detail on ESSER spending and concluded that half of relief funds are paying for labor costs. ◾ ~9% of ESSER funds were spent on Edtech 👨🏫 Employment ◾ Many districts across the country have increased staffing and are now employing more teachers to serve fewer students than before COVID-19 ◾ Even before the pandemic, many school systems have steadily increased staffing as enrollment has declined ⚖ Budgeting Advice ◾ Align on values, criteria, and roles for budget decision-making ◾ Identify which programs, interventions, and other resources have the greatest impact on student learning. Allow time to iterate on priorities and trade-offs. ◾ If you used ESSER to cover enrollment shortfalls, fund recurring costs (e.g., teacher salaries), or buffer both school/network-level budgets, review budgets to determine gaps without ESSER funding. Potentially reset school/network-level models to achieve (or build toward) sustainability on recurring public funds ◾ If you used ESSER to fund recovery investments like new programs (e.g., tutoring, software) or staffing (e.g., additional counselors or social workers), analyze your budget to determine what you can and cannot afford without ESSER funding. Work with your team to identify the highest impact investments, make decisions on what to continue vs. phase out ◾ Budget conservatively. We recommend budgeting for at least a 3-5% enrollment shortfall and building in 1-2% expense contingency ◾ Understand the potential impact of a recession on your state's public revenues. Build plans for up, base, and down scenarios https://lnkd.in/gimJ4b4M
Navigating Uncertainty and Preparing for the Fiscal Cliff_May2024.pptx
docs.google.com
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Child Education Planning is essential for securing your child's future. By strategically assessing expenses, reviewing investments, and addressing financial gaps, you can ensure a stable financial foundation for your child's higher education. These investments cover educational costs and provide a safety net for unexpected events. #EducationPlanning #FinancialSecurity Let's connect to complete your assessment and address the financial gaps.
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ABSOLUTELY! If you are in the UK, please sign this for our financial future (and kids)! Was lucky enough to work with Robert Gardner who kindly shared his book with me that I donated to my son's school. Wish every child had a copy!! You can find it here: saveyouracorns.com Make financial education compulsory in all schools from primary age The Government should make financial education compulsory in all schools starting from primary age. Maths is all well and good but when it comes to teaching kids how to manage money in the real world, the curriculum is failing them. More detailsWe believe financial education is a life skill that, like swimming, is best taught young. We want to make financial education compulsory in all schools from primary age - just like swimming. There has never been a more important time to prioritise money skills. By making space for financial education in all schools, the government can help drive levelling up, social mobility, and financial equality. The curriculum doesn’t add up - let’s #makemoneycount
Financial education is a crucial element for the future of our society. It provides young people with a solid foundation to build their financial literacy from. That's why I'm sharing this petition to advocate for financial education to be taught at an early age. Please take a moment to sign and share this petition to support this important cause. Even if you don't have young children, investing in the financial education of the next generation is an investment in our collective future. Please sign the petition here: https://lnkd.in/efAdjc_C
Petition: Make financial education compulsory in all schools from primary age
petition.parliament.uk
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The funding cliff is real, and governments must look for innovative ways to continue operating and funding successful programs.
How a District Hopes to Save an ESSER-Funded Program
edweek.org
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The Cost of Your Child's Future Is Rising—Are You Prepared? Over the last decade, the cost of education has skyrocketed, leaving many parents overwhelmed and unsure of how to keep up. Imagine the financial stress of trying to fund your child’s college tuition while balancing other essential expenses. It’s no wonder so many families are finding themselves stretched thin, with their financial goals slipping further out of reach. But here’s the good news: You don’t have to face this challenge alone. With a Registered Education Savings Plan (RESP), you can leverage government grants and tax-free growth to ease the burden of rising education costs. Start planning now, and secure your child’s future without breaking the bank. 👉 Ready to take the first step? Click here: https://lnkd.in/gwa3HF9w
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#ICYMI K12 education is hitting a “fiscal cliff” this fall as all of the COVID funding (ESSER) goes away. Schools are also facing a 5-15% enrollment decline that affects their revenue and 5-20% wage and operating inflation that affects their costs. TLDR: Hug your local school’s budget manager! Meanwhile, the pandemic levels of depression and anxiety continue to persist, as do the gaps in foundational math and reading skills. TLDR: Hug your local teachers! Once you’ve given the hugs, read Ian’s document below from the Charter School Growth Fund. Whether you are a charter or district school (both types are public schools), there’s lots of insight here. We can get through these challenging financial (and political) times by coming together, focusing on what matters most - our learners, and by thinking outside the box when it comes to education delivery and support. TLDR: Hug yourself!
Sharing a fantastic resource summarizing the macro trends impacting our K12 schools as we prepare for the 24-25 school year. The presentation compiles information across four "E" buckets: 1) Economy, 2) Enrollment, 3) ESSER, and 4) Employees. Special thanks to Rich Billings Dan Greenberg Carrie Stewart Brian Eschbacher Jason Shaad. # # # 📈 Economy ◾ Every state budget is funded through different revenue sources. Understand the key drivers of your states' budgets ◾ The more a state relies on sales and income taxes (vs. property taxes), the greater the risk of volatility and potential impact ◾ About half of states are projecting declines in overall tax revenue in FY24. ◾ Facilities payments (rent+debt service) are 70% higher compared to pre-pandemic ✏ Enrollment ◾ All-time low birth rates are driving significant and sustained declines in student enrollment, especially in major urban communities ◾ Approximately 600K fewer births in the 2016 vs 2021 cohort - which will enter K in 2026. ◾ NCES projects a 4.3% decline in public school enrollment by 2030, with only 5 states projected to grow ◾ Schools in states with attendance-based funding formulas (CA, NY, and TX) are increasingly impacted by students missing school 💲 ESSER ◾ The Edunomics Lab at Georgetown University analyzed states that provide detail on ESSER spending and concluded that half of relief funds are paying for labor costs. ◾ ~9% of ESSER funds were spent on Edtech 👨🏫 Employment ◾ Many districts across the country have increased staffing and are now employing more teachers to serve fewer students than before COVID-19 ◾ Even before the pandemic, many school systems have steadily increased staffing as enrollment has declined ⚖ Budgeting Advice ◾ Align on values, criteria, and roles for budget decision-making ◾ Identify which programs, interventions, and other resources have the greatest impact on student learning. Allow time to iterate on priorities and trade-offs. ◾ If you used ESSER to cover enrollment shortfalls, fund recurring costs (e.g., teacher salaries), or buffer both school/network-level budgets, review budgets to determine gaps without ESSER funding. Potentially reset school/network-level models to achieve (or build toward) sustainability on recurring public funds ◾ If you used ESSER to fund recovery investments like new programs (e.g., tutoring, software) or staffing (e.g., additional counselors or social workers), analyze your budget to determine what you can and cannot afford without ESSER funding. Work with your team to identify the highest impact investments, make decisions on what to continue vs. phase out ◾ Budget conservatively. We recommend budgeting for at least a 3-5% enrollment shortfall and building in 1-2% expense contingency ◾ Understand the potential impact of a recession on your state's public revenues. Build plans for up, base, and down scenarios https://lnkd.in/gimJ4b4M
Navigating Uncertainty and Preparing for the Fiscal Cliff_May2024.pptx
docs.google.com
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Helping social impact, edu & workforce leaders drive product, productization, GTM | ex founder, edtech, JFF, Reforge & African Leadership Group, Wharton MBA dropout turned Penn GSE Professor
This is outstanding. Thanks Ian Connell -- I'd saved this and finally refound this tab and am reading it: Navigating Uncertainty and Preparing for the Fiscal Cliff (prepared by/for Charter School Growth Fund, but useful context for all public district schools. And relatedly, the vendors/companies that serve them. For any and all edtech founders as well as education systems leaders, this has some incredibly useful data and macro trends (and many data points broken out state by state) to watch out for impacting 24-25 and beyond. Another stellar post and share from Ian Connell. I added some points, but check out his original post and the actual presentation itself https://lnkd.in/eQbn2AtM The 4 E's: Economy Enrollment - both long term decreases in birth rates and enrollments on the horizon + data on chronic absenteeism (students who miss 10% or more of the school year) - this chart broken out state by state is on slide 16 and striking, in terms of 2018-2019 (pre pandemic) to 2021-22 (during pandemic) levels. I'd be curious to know if anyone has put together this data for 2022-23 or 2023-24 yet to see how much difference there is post vs during the pandemic. ESSER - the analysis of whether school systems used for maintaining operations vs. making new investments significantly impacts how you need to deal with and reconcile budgets for 2024-25 and going forward - this is targeted at public charter school networks, but the same can be applied to public districts schools and networks. Employment - I just heard from public district leaders who described having to raise salaries to compete for talent, or otherwise face being understaffed as the school year begins (esp. in districts in Georgia/across the Southeast -- today was the first day for Forsyth for example, Monday Aug 5 is for Gwinett) The challenge is how/when will public districts facing declining enrollment projections begin to really make difficult decisions around how to close and merge schools/communities - the disclocations are tough in the short term (and challenging politically) but important to proactively enable longer term sustainability and potential improvement/turnaround/stability thereafter. #edtech #esser #schools #districts #education #funding #macro trends #economics cc Queenstar Akrong
Sharing a fantastic resource summarizing the macro trends impacting our K12 schools as we prepare for the 24-25 school year. The presentation compiles information across four "E" buckets: 1) Economy, 2) Enrollment, 3) ESSER, and 4) Employees. Special thanks to Rich Billings Dan Greenberg Carrie Stewart Brian Eschbacher Jason Shaad. # # # 📈 Economy ◾ Every state budget is funded through different revenue sources. Understand the key drivers of your states' budgets ◾ The more a state relies on sales and income taxes (vs. property taxes), the greater the risk of volatility and potential impact ◾ About half of states are projecting declines in overall tax revenue in FY24. ◾ Facilities payments (rent+debt service) are 70% higher compared to pre-pandemic ✏ Enrollment ◾ All-time low birth rates are driving significant and sustained declines in student enrollment, especially in major urban communities ◾ Approximately 600K fewer births in the 2016 vs 2021 cohort - which will enter K in 2026. ◾ NCES projects a 4.3% decline in public school enrollment by 2030, with only 5 states projected to grow ◾ Schools in states with attendance-based funding formulas (CA, NY, and TX) are increasingly impacted by students missing school 💲 ESSER ◾ The Edunomics Lab at Georgetown University analyzed states that provide detail on ESSER spending and concluded that half of relief funds are paying for labor costs. ◾ ~9% of ESSER funds were spent on Edtech 👨🏫 Employment ◾ Many districts across the country have increased staffing and are now employing more teachers to serve fewer students than before COVID-19 ◾ Even before the pandemic, many school systems have steadily increased staffing as enrollment has declined ⚖ Budgeting Advice ◾ Align on values, criteria, and roles for budget decision-making ◾ Identify which programs, interventions, and other resources have the greatest impact on student learning. Allow time to iterate on priorities and trade-offs. ◾ If you used ESSER to cover enrollment shortfalls, fund recurring costs (e.g., teacher salaries), or buffer both school/network-level budgets, review budgets to determine gaps without ESSER funding. Potentially reset school/network-level models to achieve (or build toward) sustainability on recurring public funds ◾ If you used ESSER to fund recovery investments like new programs (e.g., tutoring, software) or staffing (e.g., additional counselors or social workers), analyze your budget to determine what you can and cannot afford without ESSER funding. Work with your team to identify the highest impact investments, make decisions on what to continue vs. phase out ◾ Budget conservatively. We recommend budgeting for at least a 3-5% enrollment shortfall and building in 1-2% expense contingency ◾ Understand the potential impact of a recession on your state's public revenues. Build plans for up, base, and down scenarios https://lnkd.in/gimJ4b4M
Navigating Uncertainty and Preparing for the Fiscal Cliff_May2024.pptx
docs.google.com
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It’s #FinancialLiteracyMonth, and I firmly believe in the importance of teaching financial literacy from a young age. As parents, we’re often our kids’ first financial advisors, but unless you’re a numbers guy like me, it can be daunting. That’s why incorporating financial education into schools is really important. The @Council for Economic Education (CEE) recently published the 2024 Survey of the States, sharing the progress of K-12 financial education. So far, 35 states require students to take a course in personal finance to graduate. These courses help students understand the value of money and master the arts of budgeting and investing. I hope to see more states incorporate similar classes – you can read the report and more about CEE’s important mission below. #FinancialLiteracy #FinancialEducation #FinancialWellness https://bit.ly/3w5xlCC
Biennial Survey of K–12 Economic & Financial Education | CEE
https://www.councilforeconed.org
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