This month marks the 20th anniversary of the enactment of the Kentucky Education Reform Act of 1990. I thought you might be interested in the sharp increase in education funding we have experienced in the Bluegrass State since KERA began.
In inflation-adjusted dollars, we still are spending 82 percent more today in real dollars than we were in 1990.
That’s the “BUCKS” part of the equation.
By any measure, this is a huge increase in real funding.
Here’s one interesting question: where is all that extra money going? Have our teachers seen a 302 percent increase in their paychecks since KERA began?
If I get some time, we’ll look at some of the “BANG,” which may be mostly just a little “pop,” at best, that we got for all that cash in future blogs.
Kentucky Department of Education, Office of District Support Services, Division of Financial Data Management, Calculations & Reporting Branch, Receipts and Expenditures Reports for listed years. On line here.
Inflation calculation performed with Bureau of Labor Statistics CPI Inflation Calculator. On line here.