This article provides a systematic decomposition of disparities in school funding by race and ethnicity using two new data resources. First, we use a national district level panel of data from the School Finance Indicators Database to evaluate recent (2012-2017) disparities in school revenue and spending by race in addition to poverty, across and…

For decades, some politicians and pundits have argued that "money does not make a difference" for school outcomes. While it is certainly possible to spend money poorly, this viewpoint is strongly contradicted by a large body of evidence from rigorous empirical research. A thorough review of research on the role of money in determining…

A recent report from Michigan's Mackinac Center asserts that there is little or no relationship between student achievement and marginal increases to what the report characterizes as the already "high" levels of spending in that state. Yet the report never substantiates its assertion that present spending levels are high, on average, or…

This second edition policy brief revisits the long and storied literature on whether money matters in providing a quality education. It includes research released since the original brief in 2012 and covers a handful of additional topics. Increasingly, political rhetoric adheres to the unfounded certainty that money does not make a difference in…