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Costrell, Robert M.; Hitt, Collin; Shuls, James V. – Educational Researcher, 2020
In this brief, we examine an important but obscure form of state spending on K-12 education-state subsidies of school district pension costs. In 2018, this exceeded $19 billion across 23 states. To put that amount into perspective, 2018 federal spending on Title I programs was $15.8 billion. This revenue stream is often ignored in analyses of…
Descriptors: Retirement Benefits, State Aid, Educational Finance, Elementary Secondary Education
Podgursky, Michael; Aud Pendergrass, Susan; Hesla, Kevin – Education Next, 2018
Public school districts are facing twin challenges: maintaining a labor supply of qualified teachers while shoring up the deteriorating system that compensates them. Keeping public-school teachers' pensions plans flush is expensive, and it accounts for a growing share of education spending. In some states, public charter schools provide an…
Descriptors: Charter Schools, Innovation, Teacher Retirement, Retirement Benefits
Olberg, Amanda; Podgursky, Michael J. – Thomas B. Fordham Institute, 2011
In the wake of the economic downturn that began in 2008, public schools face serious and seemingly long-term fiscal challenges. Rising pension costs are a particular concern for school districts, whose dollars help prop up state retirement plans that often have substantial unfunded liabilities. Yet public school districts have no alternatives;…
Descriptors: Charter Schools, Retirement, School Districts, Retirement Benefits