Almost 40 percent school funding goes to pensions, not to the classroom, teachers wages or other needs
Not enough money for special education? Are there too many kids per classroom? Not enough for art supplies, textbooks, teachers’ aids, gym equipment, extracurricular activities and all the rest?
Ask the teachers.
Every year, the call goes out for more money for education. Every session of the Illinois legislature features a debate for more money for the schools. We’re often reminded that the state doesn’t come close to fulfilling the Illinois Constitution’s requirement that the “state has the primary responsibility for financing…public education.” Sick and tired of endless property tax increases to fund the perpetually “underfunded” schools?
The Illinois Policy Institute dug out the numbers and discovered the horrifying fact that retired teachers are eating up money that should be spent on actual education. It said:
Since 2010 alone, spending on educators’ pensions more than doubled in nominal terms, jumping to nearly $6 billion in the 2022 budget from less than $2.1 billion. Education spending, including administrative costs, grew modestly to $9.2 billion from $7.3 billion.
Simply put, pension costs commanded just around 20% of the state’s total education spending only a decade ago, before doubling to nearly 40% of education spending today.
Maybe this ought to be kept in mind the next time that the likes of the Chicago Teachers Union whines about not enough money is spent on education, that teachers aren’t being paid enough and–oh, yes–the claim that money is so short that teachers have to spend their own money to buy pencils and toilet paper.Type your email address in the box and click the “create subscription” button. My list is completely spam free, and you can opt out at any time.