Although, in fairness, the budget could have been worse, it's still bad news for Kentucky education. One big reason; the huge and growing amount of money being eaten up by employee benefits vs. all other funding for education.
We asked our consultant Susan Weston to conduct a long-term review of those two funding areas, and this chart is the shocking result of her work.
As the graphic shows, inflation-adjusted spending on health insurance and retirement benefits for P-12 employees has grown by $620 million over the past 20 years. Spending for all other P-12 needs has grown by $22 million. That's 97 percent vs. 3 percent - making a clear case for the critical need to bring spending on benefits under control.
SOURCE: Prichard Committee Email