ladner presentation
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-500,000 0 500,000 1,000,000 1,500,000 2,000,000 2,500,0000
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1,500,000
2,000,000
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Arizona
California
Florida
Georgia
Nevada
New York
North Carolina
Texas
VirginiaWashington
United States Census Bureau Projections for Youth and Elderly Population Increase by State, 2010 to 2030
Projected Increase in Under 18 population, 2010-2030
Proj
ecte
d In
crea
se in
65+
Pop
ulati
on
K-12 Medicaid Public Assistance Higher Ed Corrections Transportation All Other
24%
19%
2%
13%
4%
11%
27%
22%
30%
1%
15%
5%
11%
17%
North Carolina Expenditure Trends 2000 and 2014 Budgets
Elderly Adult Non-Elderly Children
$16,190
$4,590
$2,550
Congressional Budget Office Projections for Federal Costs per Medicaid Enrollee in 2023 (Source: Kaiser Family Foundation)
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014
$3,344,000,000
$9,549,000,000 $7,422,000,000
$10,875,000,000
Florida State Spending (Federal Funds Excluded) on K-12 and Medicaid 2000-2014 (Source: NASBO)
Medicaid K-12
United States Treasury currently estimates the amount of federal debt at $19 trillion and unfunded entitlement liabilities at $55 trillion.
10,000 Baby Boomers will reach retirement age per day until 2030, whereupon all surviving Baby Boomers will be age 65 or older.
31.5 of funds spent by the North Carolina state government in 2014 originated with Uncle Sam.
Make your plans accordingly.
1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011
1,314 1,503 1,655 2,214 2,450 2,794 3,059 3,3264,080 4,401
5,3276,068
7,680
5,611 6,4007,234
9,06110,702
12,75414,002
15,82217,697
18,882
22,135
26,079
30,288
Florida Hispanic and Black Students Passing AP Exams, 1999-2011 Black Hispanic
13 Foundation for Excellence in Education Copyright.2014 13 Foundation for Excellence in Education Copyright.2014
Number of Florida Students Earning Industry Certifications
2007-08 2008-09 2009-10 2010-11 2011-12 2012-13 2013-140
10000
20000
30000
40000
50000
60000
70000
803 1,855
8,629
20,644
28,533
45,277
63,328
7,786% Increase
Foundation for Excellence in Education Copyright.2014 14 Foundation for Excellence in Education Copyright.2014 14
What are Education Savings Accounts?An education program utilizing an account controlled by parents with multiple educational uses. Under a robust system of accountability (monitoring and auditing), parents can direct funds in an ESA to any combination of educational uses, including:
Private school tuition
Tutoring
Therapy for special needs
studentsInstructional
materials and
curriculum
Online programs and
courses
Contract public school courses
Exam fees
Savings for future college
costs
15 Foundation for Excellence in Education Copyright.2014 15 Foundation for Excellence in Education Copyright.2014 15
Next-Gen Accountability
Using parent ratings and objective metrics to help parents navigate school choice.
Drives quality by requiring users to rate each experience
Interactive search tools, community advice, and expert reviews to find the right tutor, school, or education service.
The North Carolina Constitution guarantees K-12 spending and the public supports it strongly, but the system as it stands .
The next 15 years seem likely to test the outer limits of our political adaptability.
The working-age taxpayers of 2030 sit in North Carolina classrooms right now- one of the few things we can control now is how many opportunities we give them to fulfill their potential. By providing the maximum possible flexibility and creating incentives to maximize value, ESAs could play a large role in a North Carolina plan.
Thank You !Matthew LadnerSenior Advisor for Policy and ResearchExcel in Ed
(512) 844-5504