Reinforces Case for Question 2
Maine general fund support for k-12 education remains more than three percent below pre-recession levels; referendum would raise over $150 million annually dedicated to schools.
Augusta, Maine (Thursday, October 20, 2016) A new report from the Center on Budget and Policy Priorities (CBPP) further substantiates Maine’s shrinking commitment to education, reinforcing the importance of passing Question 2 to increase funding for education by more than $150 million annually by levying a three percent tax on household income over $200,000.
“The CBPP report confirms that seven years after the end of the Great Recession, Maine’s general fund per capita education funding remains more than three percent lower than it was in 2008,” said MECEP Executive Director Garrett Martin. “Next year, Maine will lose $297 million in state revenue that would have been available for education because of income tax cuts enacted since 2011 that largely benefit wealthy households. Passage of Question 2 would restore $159 million in 2017 and fulfill the state’s voter-mandated obligation to fund 55 percent of the cost for k-12 education.”
The CBPP report, After Nearly a Decade, School Investments Still Way Down in Some States, contains the most recent data on school funding currently available. The findings are based on data gathered from state education agencies and budget offices, and verified with education finance experts in each state. The report also includes analysis of data from the Census Bureau.
To read the full report click here.