Economic Challenges

Essay by pootieUniversity, Bachelor'sB+, May 2009

download word file, 5 pages 0.0

Who finances education in the state of Florida? What are the sources of the funds? What is the relationship with the government overseeing these funds? These are all questions, which after the reader who reads this article, will be able to answer. The reader will also become aware of the trend of spending and explanation of the spending of those funds, the existence of a partnership between businesses and the state function, and the future of the function. The sole purpose of this essay is to shed light on the funds and to see exactly where and how the tax payer's money is being spent towards education.

From the funds provided for the functions of the State Board of Education (Department of Education) there are two categories of items: funds for Operations of the Department and funds for Targeted Expenses for special projects that support the K-20 education system (2008).

The current appropriated funds for Florida educational operating budgets are $20 billion dollars. That $20 billion comes from three different sources: $14.8 billion from the general revenue fund, $1.3 from the lottery, and $3.9 billion from other trust funds (2008). The grades K-12 have a budget breakdown within the Florida Education Finance Program (FEFP): $147.5 million for teacher pay, $116.9 million for reading instruction, $12.5 million supplemental funding for DJJ education programs, $2.7 billion in operating funds for class size reduction, and 9 million for A++. A++ is House Bill 7087 the Legislature passed in 2006 that pertains to education. Some of the highlights for the K-12 budget are: funding for the FEFP, in state and local revenue is $19.3 billion and FEFP fund per student will $7,305.79 (2008).

The American school system originated as an extension of fundamental social units: families, churches, and communities. Repeated waves of reform succeeded...