Teacher Benefits Are Eating Away at Salaries, writes Chad Aldeman on The Quick and the Ed.
Public school districts spent less per student in 2010-11 than the year before, the first decline in nearly four decades, the Public Education Finances Report confirms.
The report also shows that “employee benefits continue to take on a rising share of district expenditures,” writes Aldeman. From 2001 to 2011, public education spending increased 49 percent: Salaries went up 37 percent and benefits 88 percent. “Benefits now eat up more than 20 percent of district budgets, or $2,262 per student, and those numbers are climbing,” he writes.
Unfunded pension and health care promises total $1.38 trillion, Pew estimates.