This paper studies how school spending impacts student achievement by exploiting the US interstate branching deregulation as state tax revenue shocks. Leveraging school finance data from universal school districts, our difference-in-differences estimation reveals that deregulation leads to an increase in per-pupil total revenue and expenditure.…

The question whether money matters in education strikes at the foundation of America's democracy - an educated electorate. Despite decades of evidence that money does matter, the question still remains unanswered among many and even answered to the contrary of the evidence. It is important to fully understand that money does matter in American…

Public colleges and universities are a key driver of social and economic mobility, yet they also face increasingly challenging financial and political environments. In this essay, I discuss four key areas in which state higher education policy can influence student success and equity: the amount of funding provided, funding allocation mechanisms,…

New research finds that increased spending on public education improves student achievement, thereby debunking the notion that "money doesn't matter" and making the case for greater investment in preschool-12 public education. How money is spent matters, but funding must also be adequate, equitable, and stable from year to year so that…

Money matters in education, especially for students from families that are struggling financially. Increasing school funding not only leads to improved school completion rates and higher achievement in low-income school districts, but over the long-term it can increase educational attainment, wages, and family incomes for children from low-income…

The purpose of this dissertation is to examine how academic performance of the online learning mode compares with the traditional face-to-face mode in rural community colleges. As online learning has become a popular instructional offering among many rural community college students seeking to advance their opportunities, so has the level of…

School finance reforms caused some of the most dramatic increases in intergovernmental aid from states to local governments in U.S. history. We examine whether teachers' unions affected the fraction of reform-induced state aid that passed through to local spending and the allocation of these funds. Districts with strong teachers' unions increased…

The purpose of this global leadership study was to investigate the impact community college business curriculum internationalization has on the key components of the Ohio State Share of Instruction (SSI) funding formula. This analysis should assist institutional decision-makers in determining whether or not to incorporate such initiatives at their…

Statement of Purpose and Method of Study: Historically, Mississippi has lagged behind the rest of the nation in student achievement and funding for education. This comparative quantitative study investigated whether significant differences in student achievement as measured by mean composite ACT scores of high school juniors in Mississippi public…

In the wake of public-health stay-at-home orders prompted by the coronavirus, the United States faces a nearly inevitable economic recession in the coming months. With a slowing economy will come a contraction in state revenues, including funding for public education. States are beginning to make budget-cutting calculations and are bracing for the…

School buildings across America are crumbling. According to a 2020 report by the U.S. Government Accountability Office (GAO), 54 percent of U.S. school districts need to update or completely replace multiple building systems in their schools. As a result of decades of underfunding school infrastructure, national spending for K-12 school buildings…

In recent decades, states and districts have moved toward making education more equitable. A key component of equity in education is providing additional funds for economically disadvantaged students, commonly referred to as "at-risk students." At-risk students are most often defined as students who qualify for free or reduced priced…

Nearly 30 states have adopted or are transitioning to performance-based funding programs for community colleges that allocate funding based on institutional performance according to defined metrics. While embraced by state lawmakers and promoted by outside advocacy groups as a method to improve student outcomes, enhance accountability and ensure…

The link between education funding levels and student outcomes is a matter of continuing debate, including in New York State. State education aid in New York follows a progressive formula that targets more aid to lower-income, higher-need school districts, yet these districts continue to dominate lists of the state's lowest performing schools. The…

In 2013, California moved to drive more resources for students with higher needs, create more spending flexibility and let districts decide how to spend substantial new dollars by adopting a new watershed state finance policy, the Local Control Funding Formula (LCFF). As California's Weighted Student Funding (WSF) law enters Year 5 of…