PreK-12 Policy & Budget Outlook, 2022-2023

More than $190 billion was made available to the education sector via three rounds of federal stimulus funding in 2021-2022, and more than $1.9 trillion in American Rescue Plan (ARP) funds were released to state agencies for reopening schools as part of the school reopening plan. These are two of the highlights of SIMBA’s just released report, PreK-12 Policy and Budget Outlook 2022-2023.

What this Report Covers

In addition to outlining totals and allocations of federal and state monies towards education priorities, the report also examines policy & funding history; the CARES Act; updated guidelines for reopening schools; monies allocated for Title 1 and disadvantaged populations; classroom connectivity; trends in federal & state ESSER implementation including promotion of the switch to digital, focus on computer science and student privacy and security; a state education focus overview including focus on digital and media literacy and career and technical education; and approval of Fiscal 2022 budgets.

Key Findings

Key findings examined and analyzed in this report include findings such as K-12 expenditures are equivalent to 3.41% of U.S. taxpayer income and that state and local K-12 education funding equals 3.61% of total educational spending, with states contributing a total of $344 billion (or $6,785 per pupil). Other key findings include that as of February 2022, 99.4% of districts were open and teaching in-person, with 0.5% using a hybrid model and the remaining 0.1% conducting instruction remotely. Another important data point in the report relates to career and technical education (CTE) programs. These programs generally receive bipartisan support and the FY 2021 budget increased funding for such programs to $135 billion. CTE budget increases continued in FY 2022 to $135 billion.

Key Trends Discussed

Several significant trends and developments are explored and analyzed in the report. Among them are expanding access to computer science education, addressing school climate and social and emotional learning, providing opportunities for career and technical education, and giving families more options about how their students are educated. Another trend examined in the report revolve around issues around cybersecurity and student data privacy.

About Simba Information

Publishers and investment professionals can trust Simba Information’s PreK-12 Policy & Budget Outlook, 2022-2023 to provide the inside intelligence needed to evaluate the growth potential and understand the trends impacting U.S. K-12 funding and policy.

PreK-12 Policy & Budget Outlook, 2022-2023 is an essential tool for publishing executives, M&A advisors, market analysts, and industry consultants who need to understand the current state of K-12 policy and funding

Simba has the knowledge base and perspective gained from more than 20 years’ covering this market and the rapid changes in technology, the economy, mergers, partnerships and public policy than affect it.