: Fiscal Undertow: How Public Schools Are Drowning State and Local Budgets, and Wh

What: Fiscal Undertow: How Public Schools Are Drowning State and Local Budgets, and Wh

When: Tuesday, January 11, 2011 12:00 PM

Where: Cato Institute
1000 Massachusetts Ave
Washington, DC 20001

Fiscal Undertow: How Public Schools Are Drowning State and Local Budgets, and What to Do about It

POLICY FORUM
Tuesday, January 11, 2011
Noon (Luncheon to Follow)

Featuring Patrick Byrne, CEO, Overstock.com, and Chairman, The Foundation for Educational Choice; Kil Huh, Director of Research, Pew Center on the States; and Adam Schaeffer, Policy Analyst, Center for Educational Freedom; moderated by Robert Enlow, President, Foundation for Educational Choice; with introductions by Neal McCluskey, Associate Director, Center for Educational Freedom.

The Cato Institute
1000 Massachusetts Avenue, NW
Washington, DC 20001



Come back to this page to watch the event live.

Health care is the budget buster at the federal level, but K-12 education is what's poised to bankrupt state and local governments. Spending on public education eats up around half of the general budget in most states, and it's by far the priciest single item. For every dollar raised by state and local governments for Medicaid, three dollars go to K-12 schooling. As a result, combined state budget gaps in the high tens of billions of dollars are predicted through at least 2012.

That's the immediate problem. Just over the horizon, things look worse. State public-employee pension systems are facing a trillion-dollar shortfall in their commitments, driven in large part by the massive costs of public-school employee benefits.

So exactly how bad is the education spending crisis? Is there anything we can do to avoid huge state and local tax increases or a serious decline in the breadth and quality of educational services?

Join us for a discussion of the most important state and local spending issue of 2011 ... and many years to come.

Cato events, unless otherwise noted, are free of charge. To register for this event, please fill out the form below and click submit or email events@cato.org, fax (202) 371-0841, or call (202) 789-5229 by noon, Monday, January 10, 2011. Please arrive early. Seating is limited and not guaranteed. News media inquiries only (no registrations), please call (202) 789-5200.

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