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Inflation Adjustment
  • CPI: adjusts for changes in the cost of goods and services purchased by consumers
  • IPD: adjusts for changes in the cost of goods and services purchased by governments
  • Economic Growth: adjusts for changes in the size of the state economy (measured in terms of total personal income)
  • None: does not capture changes in the value of a dollar over time.
K-12: School Building

funding levels adjusted for inflation (CPI)

  • Funding History
Adjusted for inflation (CPI) NOT adjusted
FY22 Gov$1,014,300,000$1,014,300,000
FY21$996,580,249$981,576,895
FY20$980,638,054$954,150,000
FY19$920,936,482$882,100,000
FY18$902,200,815$846,589,256
FY17$889,973,249$816,795,000
FY16$892,211,892$803,900,000
FY15$861,915,005$771,500,000
FY14$823,673,301$732,032,000
FY13$779,660,767$682,300,000
FY12$787,971,437$678,143,400
FY11$770,691,900$644,348,851
FY10$707,659,033$580,140,715
FY09$864,731,954$702,000,000
FY08$792,804,257$634,719,076
FY07$721,562,553$557,019,076
FY06$649,540,032$488,719,076
FY05$545,804,773$395,719,076
FY04$783,320,375$551,356,767
FY03$554,528,725$381,893,039
FY02$536,478,174$361,498,199
FY01$491,526,601$325,445,384

comparisons adjusted for inflation (CPI)

  • See Changes in Funding
Between and
Funding for K-12: School Building
25.7%

comparisons adjusted for inflation (CPI)

Adjusted for inflation (CPI) NOT adjusted
FY22 Gov$1,014,300,000$1,014,300,000
FY21$996,580,249$981,576,895

funding levels adjusted for inflation (CPI)

  • Active Line Items
  • All Line Items
FY19FY20FY21FY22 Gov
School Modernization and Reconstruction Trust (SMART) Tax Transfer$920,936,482$980,638,054$996,580,249$1,014,300,000
FY19FY20FY21FY22 Gov
School Modernization and Reconstruction Trust$0$0$0$0
School Building Racial Imbalance Elimination$0$0$0$0
School Building First Annual Payments$0$0$0$0
School Building Annual Reimbursements$0$0$0$0
School Building Engineering and Architecture$0$0$0$0
School Building Emergency Repairs$0$0$0$0
School Modernization and Reconstruction Trust (SMART) Tax Transfer$920,936,482$980,638,054$996,580,249$1,014,300,000
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