K-12 funding, squeezed from the picture
Why is this important to education? Because the vast majority of K-12 revenues come from state and local sources, and as commitments to programs like Medicare increase, less funding becomes available for education.
We've already seen Medicare grow from 8% of state budgets in 1985 to 22% in 2006, the first year it eclipsed K-12 spending. What happens when the program realy starts to take off, per the chart?
I've been harping a lot on finance lately, both on the blog and in meetings and presentations. I honestly don't think the majority of people working in or with the education system see what's coming down the pike. But it is coming - and I hope that people will begin to see that and prepare for it.