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Independent Fiscal Office Analysis of PA Budget Structural Deficit IFO 1
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State and Local Investment in Education 2
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How Much Did the State Invest in Education 2014-15? $10.6 billion total spent 3
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State-Wide Education Revenue Breakdown 4
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X School District Education Revenue Breakdown 5
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History of State and Local Share 6
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X School District History of State and Local Revenue 7
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History of State and Local Revenue 8
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X School District History of State and Local Share 9
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Education Cost Drivers 10
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What are the driving forces behind education spending in PA? 11
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What are the driving forces behind education spending in X School District? 12
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What are the driving forces behind education spending in PA? 13
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What are the driving forces behind education spending in X School District? 14
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What are the driving forces behind education spending in PA? 15
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What are the driving forces behind education spending in X School District? 16
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What are the driving forces behind education spending in PA? 17
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What are the driving forces behind education spending in X School District? 18
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What are the driving forces behind education spending in PA? 19
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What are the driving forces behind education spending in X School District? 20
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What are the driving forces behind education spending in x School District? Average School District Costs for the 2013-2014 Year: Salaries - $21,825,553 Benefits: PSERS Contributions - $3,638,057 Social Security Contributions - $1,635,472 Other Benefits (including Health Care) - $5,427,749 Charter School Payments - $2,871,428 Other (add) 21
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Growth of Specific Costs Pensions Charter School Payments Special Education 22
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Pension and Charter School Cost Growth vs All Other Costs 23
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Pension Cost 24
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Pension Cost % 25
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State-Wide Pension Contributions as a Percentage of Total Expenditures 26
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X School District Pension Contributions as Percentage of Expenditures 27
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Charter School Payments and Growth 28
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X School District Charter School Payments and Growth 29
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Pension Contributions and Growth 30
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X School District Pension Contributions and Growth 31
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Total Average School District Pension Cost – 2% Wage Growth Assumption 2015-162016-172017-182018-192019-202020-21 Wages21,825,55322,262,06422,707,30523,161,45123,624,68024,097,174 PSERS Rate25.84%30.03%32.04%33.27%34.20%33.51% PSERS Cost5,639,7236,685,2987,275,4217,705,8158,079,6418,074,963 Change 1,045,575590,123430,394373,826-4,678 32
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Total X School District Pension Cost – 2% Wage Growth Assumption 2015-162016-172017-182018-192019-202020-21 Wages21,825,55322,262,06422,707,30523,161,45123,624,68024,097,174 PSERS Rate25.84%30.03%32.04%33.27%34.20%33.51% PSERS Cost5,639,7236,685,2987,275,4217,705,8158,079,6418,074,963 Change 1,045,575590,123430,394373,826-4,678 33
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Costs Outpacing Revenue 34
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Act 1 Index History and Forecast 35
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Millage Rate History in X School District? 36
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Pension and Charter School Increases vs Act 1 Index Revenue $499 $548 $690 37
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Special and Gifted Education Increases vs Act 1 Index Revenue 38
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Additional State Revenue vs. Pension Increases 39
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Act 1 Increases and Additional State Revenue vs. Pension and Charter Payment Increases $426 $499$479 $548 $684$690 40
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