Persistent budget constraints make "equitably" allocating existing resources more important than ever. Conversations regarding equitable funding typically overlook categorical programs, targeted initiatives typically focused on supporting historically underserved student groups, such as veterans, former foster youth, single parents, and…

The distribution of state funding to school districts has a tremendous impact on student learning opportunities. State leaders juggle different priorities, tradeoffs and incentives when designing funding formulas with the goal of ensuring every student has the learning opportunities to succeed. This toolkit offers a strategic guide for reforming…

This study investigates how individual states raise revenue to pay for elementary-secondary education spending after a school finance reform (SFR). We consider 24 states that implemented SFRs between 1989 and 2005. Using a synthetic control approach, we identify six case-study states (Arkansas, Kansas, Maryland, Michigan, New Hampshire, and…

This study investigates how individual states raise revenue to pay for elementary-secondary education spending following school finance reforms (SFRs). We identify states that increased and sustained education expenditures after reform, search for legislative statutes that appropriated more education spending, and assess how policymakers funded…

Knowing how policy-induced salary schedule changes affect teacher recruitment and retention will significantly advance our understanding of how resources matter for K-12 student learning. This study sheds light on this issue by estimating how legislative funding changes in Washington state in 2018-2019--induced by the McCleary court-ordered…

Background: Critical resource theory (CReT) provides a framework for the examination and reform of public finance policy. Funding policies for staffing school-based mental health providers have a substantial impact on the structure of service delivery and the ability of youth (and their families) to access much-needed supports in an era of growing…

It is no secret that America's higher education system has a deep history of discrimination and exclusion. Funding for public institutions is still intensely inequitable and--in many cases--the situation is only getting worse. Most states have one or two public institutions with a large financial advantage over their peers. This is the norm, a…

This paper presents a comprehensive framework for evaluating and reforming education finance systems to ensure equity, adequacy, and equal opportunity in publicly funded education. We summarize decades conceptual work, explaining our evolving understanding of the role and purpose of school finance systems, leading to our current framing that the…

The NACUBO-Commonfund Study of Endowments (NCSE) for fiscal year 2023 marks the 50th consecutive year that NACUBO has published a Study of the endowments of institutions of higher learning. It would not be an overstatement to say that the Study chronicled five decades of unparalleled change. The investment industry and endowment management have…

Equitable school funding is key to achieving overall educational fairness. Successful state education finance reform advocates must address the causes of funding inequity and create solutions that consider the effects of changes from different perspectives. "Designing Change: A Toolkit for State Education Finance Reform" gives advocates…

The purpose of this audit was to determine whether Federal Student Aid (FSA) was effectively implementing the Fostering Undergraduate Talent by Unlocking Resources for Education (FUTURE) Act and the Free Application for Federal Student Aid (FAFSA) Simplification Act's provisions pertaining to Federal taxpayer information (FTI) through the Student…

The New York State Board of Regents' 2004-05 State Aid Proposal put forward the idea of instituting Foundation Aid as a response to concerns about the sufficiency of state education funding then being provided to local school districts. In 2007, prompted by legal action, a call for reform by the Regents, and the election of a new governor with a…

In 2018, a wave of educator strikes called Red for Ed swept through several states. Educators in Arizona won additional funding from the state legislature, supposedly for teacher salaries, which school boards could spend as they chose. This article quantitatively examines the participation and results of the 2018 Arizona educator strike, using…

Defined benefit (DB) pension plans incentivize "salary spiking," where sharp increases in pay are leveraged into significantly higher levels of retirement compensation. While egregious instances of salary spiking occasionally make headlines, there is little guidance on the definition of salary-spiking behavior or understanding of its…

About half of Library and Information Science (LIS) journals continue to charge authors to publish articles open access (OA) or do not offer OA publishing at all. To further investigate the financial and other perceived barriers preventing these LIS journals from transitioning to no-publishing fee OA models, this exploratory project surveyed lead…