In April 2024, the School Finance Indicators Database released new estimates of school district funding gaps, which refer to the difference between how much per-pupil funding each district "receives" and how much per-pupil funding each district "needs." Linking these estimates to Texas Education Agency (TEA) student achievement…

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…

In the United States, K-12 school finance is largely controlled by the states. Every year, hundreds of billions of dollars in public funds are distributed based on 51 different configurations of formulas, rules, and regulations to over 13,000 districts that vary in terms of the students they serve, their ability to raise revenue locally, and many…

This policy brief estimates the fiscal impacts of expanding New Hampshire's Education Freedom Account (EFA) program under two bills that were introduced in the state Legislature during the 2025 session. The analysis covers the first two years of each plan. The EFA program is currently open to public and private school K-12 students whose family…

English learners (ELs) are one of the fastest-growing student groups in the U.S. K-12 system, making up about one in 10 students enrolled in public schools nationwide. Despite research showing that EL students need more resources and supports to be successful in school, funding at the federal, state, and local levels to provide those additional…

In the United States, K-12 school finance is largely controlled by the states. Every year, hundreds of billions of dollars in public funds are distributed based on 51 different configurations of formulas, rules, and regulations to over 13,000 districts that vary in terms of the students they serve, their ability to raise revenue locally, and many…

Many recent critical reforms in state school finance systems have been catalyzed by the courthouse, not the statehouse. Advocates for equity-focused school finance reforms often consider legal action as the best path to significant policy changes. This brief discusses state-level lawsuits on adequacy and equity grounds and their outcomes.

This study uses a concurrent embedded mixed-methods design to assess the impact of additional funding on student outcomes in a large, urban school district in the Southeastern United States. The district implemented student-based budgeting (SBB), which allocates dollars to schools based on student characteristics using a weighted student funding…

Education ensures that children from all backgrounds have equal opportunities to succeed. Yet, the education provided for many K-12 students in the state of Texas may not be equal due to the allocation of school funds under House Bill 3 (H.B. 3). To date, the Revenue to Population (RTP) Index and other normalized statistical metrics have not been…

Understanding how urban school districts allocate their education funds can help school leaders create more effective budgeting strategies and provide a basis for advocating for additional funding when necessary. This report provides an overview of how urban districts distribute their financial resources, highlights key areas of spending, and…

At their best, K-12 public school systems can be engines of social and economic mobility. Unfortunately, schools in lower-income districts -- whose students have the greatest academic needs -- often receive less funding than their counterparts in more affluent districts. Discussions about closing these funding gaps usually zoom all the way out to…

The purpose of this quantitative correlational predictive study is to examine if and to what extent average district total funding and school adequacy predict district performance through student achievement in reading and mathematics in public school districts in the State of Arizona for the fiscal year 2023. The research focused on the…

Over the past several years, schools across the nation have seen historic declines in student performance in reading, math, and other academic subjects due to the COVID-19 Pandemic. School closures adversely affected student groups at different rates and further exacerbated long-standing learning gaps. There has been a debate among scholars for…

This report provides a comprehensive review of the research on the effect of K-12 school funding on student outcomes. In other words, does money matter in education? This is the third edition of this review, with the first two editions having been published in 2012 and 2016. In the previous edition of this report, the authors reviewed the evidence…

Current federal aid allocation policies do an admirable job of targeting aid to school districts serving the neediest students. But these policies have one significant, underlying weakness: they fail to consider states' effort levels (and their capacities to raise revenue). In this article, the authors propose a new federal aid framework that…