Economic Issues In Kansa Essay

money for both school and states, because school can cut down the number of teachers to hire and

Since last spring, Philadelphia school district leaders have been sounding the alarm about this year’s fiscal budget. Even after months of discussions and headlines, schools have opened with fewer resources than last year. On March 28th the School Reform Commission approved a lump sum budget which showed a need for an additional $220 million in revenue in order to provide schools with same resources as the “wholly insufficient” 2013-14 school year (McCorry). There will be many inadequate funding impacts on the quality of the education. Classroom resources would be stripped to untenable levels. The district would reduce as much as $2.2 million funding to the districts’ multiple pathways to graduation program which affects estimated 300 students. Another $1.5 million could be reduced from the elimination of preparation and professional development time for teachers at the district’s high needs promise academies. The district’s building maintenance budget could have reduction in amount of $9.6 million. Schools will be cleaned less frequently as a result. Building maintenance will also be curtailed as a result. District’s school police budget could also have reduction in amount of $2.4 million. School police officer vacancies will be unfilled, leaving an additional 27 elementary schools to share an officer.

“Education is a major driver of development and is a strong instrument for reducing poverty, improving health, gender equality, peace, and stability” (The World Bank) - so why is it that students are often deprived from an extensive education? In Illinois, education funding has been an ongoing problem. Funding for schools is based on the property taxes where the schools are located, causing those who live in lower socioeconomic areas to receive less educational funding. This is unfair because children who live in lower socioeconomic areas are not able to receive the same opportunities and benefits that are acquired when a quality education is obtained. This is why educational funding in Illinois should be distributed evenly so that every

Texas does outperform other states in terms of economic growth and population growth. Many people move to Texas because of the jobs and they do taxes right. (Batheja, 2013) Gov. Rick Perry believes Texas’s performance through the recession is due to lack of income tax. He says “You can stop trying to figure out how to pay the state income tax, because we don’t have one.” (Batheja, 2013) The Tax Foundation, a conservative-leaning research group, ranks Texas ninth-best on its State Business Tax Climate Index, largely because of the state’s lack of an income tax. (Batheja, 2013) On the other hand, Texas’s high property taxes remains a crucial complaint among business and homeowners. It’s harder for small business to pay their taxes especially if their business wasn’t very profitable. Small business end up using their own personal savings, mortgages, or borrow money in order to pay their taxes. Having a state tax would benefit small business. Although having no state tax is accepted by many, it puts a dent on cities and towns. Local debt has increased over the past decade, in large part to cover the costs for new schools and public maintenance projects. (Batheja, 2013) The state is pushing projects such as building of highways and roads to cities and counties. (Batheja, 2013) In 2012, more than 500 lawsuits were from school districts arguing that our public education isn’t properly

Collections were $61 million below expectations in July, August and September (combined total). Following that, the total receipts were $15 million, or almost 3 percent, below expectations in October, according to the Kansas Department of Revenue. Added up, in the first four months of the fiscal year starting in July, Kansas is now roughly $76 million under revenue expectations. The state broke out of an eight-month-long streak of missed estimates in November. But December’s lower-than-expected receipts (under $11 million) ruined hopes of the November figures (up $8 million) in which we thought was the start of a new, positive trend. Ever since 2013, the tax cuts have fallen short of creating the surge of new dollars that Brownback once boldly predicted would almost immediately flow to the state. Also, the state has been among the worst in the nation in recently in creating new nonfarm jobs, again, the opposite of what Brownback had said would happen after the tax cuts were implemented. On July 1, the statewide sales tax jumped from 6.15 percent to 6.5 percent. “The fact that sales tax revenue was below estimates, even after Republicans passed a massive sales tax increase, is an indication of just how much Kansas families are struggling under the Brownback tax plan,” said House Minority Leader Tom Burroughs, D-Kansas City. “A tax plan that is overly dependent upon a sales tax is neither

Brownback’s current and former decisions have proven that he has failed to do so. An alum of Kansas University, it would be assumed that Brownback would atleast make an effort to preserve and improve the education systems within Kansas. Instead, he has done the opposite. “Brownback plans to cut nearly $45 million in funding for public schools and higher education in his state” (Richinick). Schools need funding in order to provide a successful education and proper learning environment. When schools get funding, the money goes towards things like books, renovations, special education, and supplies. Proper funding allows for more competitive teacher compensation. The state determines what the cut will be, and then the school district is forced to make cuts within. Brownback neglected to provide proper funding, and schools had to deal with the negative consequences. Parents got so frustrated that a lawsuit was filed, and judges ruled “the school funding cut ‘destructive of our children’s future’”(Sciarra). This lawsuit resulted in judges raising expenditures. Not surprisingly, Brownback appealed the decision. The Kansas Legislature put in place by Brownback failed to even meet the basic funding amounts set within its own cost studies. From the Legislature came larger class sizes, firing of staff and

Countries have different resources which their economy depend on ; For example Saudi Arabia depend on oil export. When oil price is high then their economy become very strong . Countries like, Japan, Korea, and Germany, manufacturing have big part of their economy. Other countries depend on tourism like Turkey, South Africa and Malaysia. A lot of places to visit, big restaurant, malls, theater and nice beaches. Some countries lost big part of their from tourism problems in Egypt , War in Syria and Lebanon kept tourism away . Their economy is down . Big problems bring the world economy down like Greece bankruptcy also china decrease their currency to increase their export.

Furthermore, there is little to no evidence that the Supposed “Shot of adrenaline” created many jobs in even the businesses that were making use of the policy in an honest way. In fact, according to Jordan Weissmann, a writer for Slate, “a group of economists took stock of the Kansas misadventure, using administrative tax data to figure out whether the cuts had done any good at all. In short, the researchers concluded, they had not”(Weissmann). This is alarming as if the bill did not make progress in decreasing unemployment, then the lost revenue for the state of Kansas must have caused issues in other aspects. Illustrating this point, Jordan Weismann alleges that because the State cut taxes on LLCs, it was required to “cut spending on public schools, colleges, Medicaid, and more”(Weissmann).

Budget cuts not only affect children’s access to Pre- Kindergarten programs but they also affect summer school programs as well. According to Roberta Hoyle, Summerfield Elementary’s ESL Teacher, “The education cuts are making it so that some schools have to drop summer school. This hurts the students in the early ages whose parents are unable to take the children to the schools. Many students in low income areas need additional education but are unable to get the extra help because their local summer schools are closing.” Budget cuts are making it so that states are cutting summer school because they are unable to fund them. Summer school provides an opportunity for students who struggle during the year to catch up to the education level of

What is the effect on the equilibrium price and equilibrium quantity of orange juice if the price of apple juice decreases and the wage rate paid to orange grove workers increases?

Economic systems are organized way in which a state or nation allocates its resources and apportions goods and services in the national community. An economic system is slackly defined as country’s plan for its services, goods produced, and the exact way in which its economic plan is carried out. There are three types of economic systems exist, they are command economy, market economy, and mixed economy. Command economy is also sometimes called planned economy. The expectations of this type of economy is that all major decisions that related to the construction or production, distribution, commodity and service prices are all made by the government. However, in market economy, national and state governments play a

The Oikos economy of the Early Dynastic period was an intricate economic system, that may have developed after the “temple economy.” In a temple economy, or a tributary economy the temples did not have direct production of goods, instead, it was brought to the as tribute (example the Sin Temples in Khafajah). However, sometime during Early Dynastic II, the economy shifted from a tributary economic system to an Oikos system, which means that the system was oriented toward the satisfaction of needs. “Households,” or production units were responsible for the production of goods for their own use, storage, and the manufacture of indispensable exchange goods. In turn, those housing units were given something back from the administration. An

Budget cuts in schools cause turmoil and stress among the students and faculty. Drastic changes in the budgets have caused schools to negatively impact the people around them. With the lack of funding, schools are facing difficult decisions on what to do to stay within their budget. Supervision is facing much scrutiny on how to handle the lack of funding in their school districts. A solution needs to be made to improve the distribution of funding to our schools in order to keep them operating and thriving for our children to obtain their education. Budget cuts in schools have shown negative effects on employee positions, supplies, extracurricular activities.

In this way, the Fed manages price inflation in the economy. So bonds affect the U.S. economy by determining interest rates. This affects the amount of liquidity. This determines how easy or difficult it is to buy things on credit, take out loans for cars, houses or education, and expand businesses. In other words, bonds affect everything in the economy. Treasury bonds impact the economy by providing extra spending money for the government and consumers. This is because Treasury bonds are essentially a loan to the government that is usually purchased by domestic consumers. However, for a variety of reasons, foreign governments have been purchasing a larger percentage of Treasury bonds, in effect providing the U.S. government with a loan. This allows the government to spend more, which stimulates the economy. Treasury bonds also help the consumer. When there is a great demand for bonds, it lowers the interest rate.

In today’s economic environment even the wealthiest states and districts are having to cut funding for education, while districts which were already teetering on the edge are now in an even worse position. In some schools children have to face not having enough books, paper for copies, severe overcrowding,