As of 2023, 44 states plus the District of Columbia provide schools with supplemental funding for their low-income students. Policymakers often want to understand how the "amount" of extra funding they provide for low-income students compares to other states. Because states use different methodologies to determine these amounts, previous…

The School Funding Reform Act (SFRA), New Jersey's school finance law, requires the Governor, in consultation with the Commissioner of Education, to review certain components of the school funding formula every three years. The New Jersey Department of Education (NJDOE) issued four Educational Adequacy Reports (EAR) between 2013 and 2022, but none…

In an effort to reduce state spending on special education in public schools, New Jersey moved to census-based funding as part of the new school funding formula, the School Funding Reform Act (SFRA), adopted in 2008. The census approach funds all districts using the statewide average classification rate and a statewide average "excess…

This brief presents the results of a fiscal analysis of the Iowa Education Savings Account Program. The Iowa Education Savings Account Program offers eligible parents the opportunity to receive their children's per-pupil state funding directly into a parent-controlled education savings account (ESA), a fund earmarked for educational expenses. This…

On April 2, the Milwaukee Public Schools will ask Milwaukee voters to allow the district to exceed state revenue limits by up to $252 million over four years to support its schools and programs. Here, we give our impartial take on the referendum, based on more than a decade of annual reviews of MPS' budget and finances. Our intent is to frame for…

For too long, Ohio underfunded its public charter schools. That policy was unfair to charter school students--many economically disadvantaged--whose educations received less taxpayer support simply by virtue of their choice of schools. It was also unfair to charter schools, which were required to serve children on fewer dollars than the districts…

During the Great Recession and in the years that immediately followed, previous research has well-documented that U.S. public school districts receiving larger shares of their funding from state governments experienced larger declines in expenditures per student, as the GR impacted state tax bases more than it impacted local tax bases. Using…

As discussed in "Splitting the Bill: How Are State Education Funding Formulas Structured?," state school funding formulas generally fit one of three structures -- student-based, resource-based, or program-based. The cornerstone of a student-based funding formula is the per-student base amount (also appropriately called the…

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.…

Growth in per pupil education spending in the United States was mostly flat until 1918, after which it increased by almost 100 percent in a brief six-year period. This is the fastest documented increase in per pupil education spending in U.S. history. Using newly digitized biennial data on 386 of the largest urban school systems in the United…

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…

This paper asks whether increasing public school funding can be an effective long-run crime-prevention strategy in the U.S. Specifically, we examine the effect of increases in funding early in children's lives on the likelihood that they are arrested as adults. We exploit quasi-experimental variation in public school funding, leveraging two…

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…

District expenditures and efficiency can be influenced by the entry of charter schools. Loss of economies due to reduced enrollments and a rising share of high-cost students are some of the key mechanisms that could potentially increase the costs of providing education in district schools. The competitive pressure from charter schools could also…

State funding for higher education is one of the most pressing issues facing both institutions and policymakers in 2022. Colorado has seen significant declines in the amount of state funding per student over the past two decades, resulting in increases in student burdens for tuition. Policy discourse analysis through a poststructural and…