Following the Federal Dollar
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The 1999 budget proposed Monday would bolster spending for elementary and secondary education, even as it attempts to leave a spending surplus for the federal government for the first time since 1969.
Where it comes from
Individual income taxes: 46
Social Security, Medicare and other payroll taxes: 34
Corporate income taxes: 11
Excise taxes: 4
Other: 5
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Where it goes, compared to 1989
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1989 1999 Direct benefits payments 47% 60% National defense 27% 15% Interest payments 15% 14% Local, state grants 5% 6%
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Note: The remaining spending each year--7% in 1989 and 5% in 1999--goes to other programs.
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Where Education Money Would Go
The major components of President Clinton’s proposals to boost elementary and secondary education spending by 18% in the coming year and another 7% by the year 2003.
(Five-year cost in billions)
New teachers: Hire 100,000 new teachers to reduce average class size in grades 1 to 3 from 22 to 18 ($7.3)
School construction: Provide tax breaks for school construction and renovation bonds ($5.0)
Early learning fund: Provide grants to communities for education and child care for children under 5 ($3.0)
Education opportunity zones: Provide extra aid for 50 high-poverty, low-achievement urban and rural school districts ($1.5)
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The Deficit Over Time
IN CURRENT DOLLAR. Surplus or deficit (-)
(dollar amounts in billions)
1999
2003
Note: Figures for 1998-2003 are estimates
Source: Budget of the U.S. Government Historical Tables-Fiscal Year 1999
Researched by EDITH STANLEY / Los Angeles Times
Sources: Office of Management and Budget, Associated Press, Times Washington Bureau
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