INDIANA COUNTY SCHOOLS RANKED IN MOST EQUITABLE STUDY BY WALLETHUB wccsradio.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from wccsradio.com Daily Mail and Mail on Sunday newspapers.
Pennsylvanians pay extra for public pensions Joseph N. DiStefano, The Philadelphia Inquirer
In Pennsylvania, state lawmakers have had a problem common among politicians. They’ve liked to increase benefits, but didn’t like making anyone pay for them.
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This history of generosity has helped put Pennsylvania’s public pensions into a deep financial hole. But steps to remedy that are now catching up with state teachers and taxpayers.
Forced to cover the higher pension checks, state and local taxpayer funding for PSERS, the big retirement plan for public-school educators, has risen year after year, soaring from just over $600 million in 2010 to $5 billion this year.
By Timothy P. Williams
We should all be thankful that Pennsylvania lawmakers created a mechanism that uses relevant variables to determine the commonwealth’s financial commitment to each school district. The General Assembly overwhelmingly passed Act 35 of 2016, formalizing a fair funding formula based largely on student population and students’ needs. The fair funding formula was designed to drive funding to school districts in the form of basic education funding, more commonly known as BEF.
By passing Act 35, Pennsylvania lawmakers embarked on a journey, finally, to equitably address funding for the commonwealth’s schools. However, the executive and legislative branches of the commonwealth have all but ignored the provisions of Act 35 over the last five fiscal years, running only a small portion of the BEF through the fair funding formula.
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