BUDGET OVERVIEW: HOUSE vs SENATE FOCUS ON EDUCATION FUNDING Nancy - PowerPoint PPT Presentation

BUDGET OVERVIEW: HOUSE vs SENATE FOCUS ON EDUCATION FUNDING Nancy Chamberlain – April 5, 2017

HOUSE SENATE TOTAL BUDGET* $44.0 Billion $43.3 Billion K-12 EDUCATION* $24.0 Billion $23.9 Billion (+ $2.126 Billion) (+$2.057 Billion) HOW TO PAY FOR IT** NEW REVENUES PROPERTY TAX SWAP • Four-Tier Nexus (Internet • In CY 2018, adds $.45 per Sales) $1,000 assessed value. • Tax Preference Closures • In CY 2019, creates a • B&O Tax changes for permanent statewide levy of professional services $1.55 per $1,000 of assessed • Capital Gains Excise Tax value. This is in addition to * Operating Budget Statewide Summary • Graduated REET the current $1.99 per $1,000 http://fiscal.wa.gov/BudgetO.aspx of assessed value. **WSPTA Comparison of Education CUTS TO SOCIAL SAFETY NET Funding Plans

To To of offset th the sp spending increase ses, s, the Se Senate pr propo poses sp spending reductions s Major Net Spending Deceases in Senate Budget FY 2017-19 & 2019-21 ($1.4B as shown below) -$450 -$400 -$350 -$300 -$250 -$200 -$150 -$100 -$50 $0 -$59 Health Care -$429 -$230 Gen Gov, Pensions, Other Policy Changes -$202 -$170 Other Human Services -$103 -$36 Early Learning & Child Care -$108 -$40 CriminalJustice -$69 Source: SSB 5048: Senate Operating Budget Chair Release Summary, Ways & Means $ in millions Committee, Slide 7

Increase in State Funding per Student 2017-21 $3,000.00 Increase in State Funding per HOUSE $2,500.00 SENATE $2,000.00 Student $1,500.00 $1,000.00 $500.00 $0.00 2017-18 2020-21 2018-19 2019-20 Source: fiscal.wa.gov/DisctrictCompare03312017/xlsm

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Source: fiscal.wa.gov/DisctrictCompare03312017/xlsm

Source: fiscal.wa.gov/DisctrictCompare03312017/xlsm

Source: fiscal.wa.gov/DisctrictCompare03312017/xlsm

Source: fiscal.wa.gov/DisctrictCompare03312017/xlsm

Source: fiscal.wa.gov/DisctrictCompare03312017/xlsm

Source: fiscal.wa.gov/DisctrictCompare03312017/xlsm

Source: fiscal.wa.gov/DisctrictCompare03312017/xlsm

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Source: fiscal.wa.gov/DisctrictCompare03312017/xlsm

EXTRA SLIDES

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Source: fiscal.wa.gov/DisctrictCompare03312017/xlsm

Source: fiscal.wa.gov/DisctrictCompare03312017/xlsm

Th The Senate budg budget ma mainly increases ne net sp spending in in th three ar areas as: K-12, 12, Com ompensation on, an and Beh ehavioral Hea ealth Major Net Spending Increases in Chair’s Proposed Budget FY 2017-19 &2019-21 ($6.7B as shown below) $0 $500 $1,000 $1,500 $2,000 $2,500 $3,000 $3,500 $4,000 $4,500 2017-19 $1,795 K-12 2019-21 $3,999 $275 Compensation $376 Source: SSB 5048: Senate Operating Budget Chair Release Summary, Ways & Means Committee, Slide 6 $95 BehavioralHealth $129 $ in millions

3 Th The Se Senate budg budget pr propo poses $6.3B in in ne new w re resourc rcesov over th the four ye year period – mo most from m the K-12 12 Local al Ef EffortLe Levy Major Resource Increases in Chair’s Proposed Budget FY 2017-19 &2019-21 ($6.3B as shown below) $4,500 $4,045 $4,000 $3,500 $3,000 $2,500 2017-19 2019-21 $2,000 $1,521 $1,500 2019-21 $1,000 2017-19 $422 $500 $197 $56 $51 $58 $20 $0 Local EffortLevy BSA for PERS UAAL & Pub Works Fund Transfers Other $ in millions Source: SSB 5048: Senate Operating Budget Chair Release Summary, Ways & Means Committee, Slide 8