Q&A
Department of Education funding needs and projections
2:02:01
·
72 sec
IBO officials provide detailed information on projected funding needs for the Department of Education, highlighting several areas of concern.
- Additional funds are projected to be needed for Carter cases and federal stimulus-funded programs
- IBO estimates $187 million will be needed in 2025 and $505 million annually after that for programs like 3K, pre-K, and mental health support staff
- Other areas of need include funds to meet the state class size mandate and addressing less than anticipated Medicaid revenue
- The discussion touches on the ongoing issue of Medicaid revenue shortfalls for the Department of Education
Sarita Subramanian
2:02:01
And then, as I mentioned, the Department of Education, there are several areas where we project, additional funds will be needed.
2:02:10
I mentioned Carter cases already, as well as, the gap for, federal stimulus, funded programs.
2:02:19
So, assuming that these programs such as, 3 k and pre k and, mental health, support staff will be, needed and continue in the future.
2:02:32
We project additional funds will be needed of, a 187,000,000 in 2025, and five zero 5,000,000 annually after, to fund those needs.
2:02:45
In addition, there are other areas within the Department of Education where we estimate need, in particular, funds needed to meet the state class size mandate that, are being phased in, as well as less than anticipated Medicaid revenue, which has been a a per a continual, issue for the Department of Education.
2:03:08
And I think that basically covers the largest items within, education.
