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…

In 2022, Tennessee overhauled its education funding formula to improve outcomes for the 1 million students in the state. The Tennessee Investment in Student Achievement Act (TISA) was designed to simplify the existing funding formula and more equitably allocate resources to schools. Bellwether's case study, "After the Policy Win: First-Year…

Since 2018, institutions of higher education have been aware of the "enrollment cliff" which refers to expected declines in future enrollment. This paper attempts to describe how prepared institutions in Ohio are for this future by looking at trends leading up to the anticipated decline. Using IPEDS data from 2012-2022, we analyze trends…

After being sued for inequity and inadequacy in school funding, many states in the US have reformed their education aid formulas but have still faced many criticisms. Using Connecticut as an example, this paper shows how to design a more equitable and adequate aid formula with tools to win broad support from communities and lawmakers. It develops…

This study examines patterns of state financing in public community colleges. The focus of the study is to not only show the disparities that exist across the 50 states in terms of fiscal capacity to provide funding for community colleges, but also in the effort that is exerted to fund community colleges. The study combines the Bureau of Economic…

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…

This publication provides governmental and higher education decision-makers a statewide perspective of Arkansas public higher education finance for the 2017-19 biennium, as well as trends for the past several years. It also contains a detailed financial profile of each institution and presents a basis for comparative assessments of revenue sources…

This EdSource Q&A provides clear, accurate answers to some of the most common questions about the current state of education funding in California and what the state's fiscal crisis means for schools. School districts and other education stakeholders can share this brief with their communities and cite it in addressing questions about the…

In Massachusetts, state aid to public schools fills the gap between a district's foundation budget and its required local contribution. Historic inequities in required local contributions and the resulting inequities in state aid across districts led to a call for education finance reform. Since 2007, the state has put in place a number of…

As a result of the Great Recession of 2007-2009, most states experienced declines in employment, consumer spending, and economic productivity (Alm, Buschman, and Sjoquist 2011). In turn, these events led to historic declines in state tax revenues (Mikesell and Mullins 2010; Boyd and Dadayan 2009), resulting in major cuts in public spending. Local…

This longitudinal study examines factors that explain differences in levels of state appropriations for higher education across states, sectors, and institutions between 1984 and 2004. The study sheds light on the complex relationship between institutional mission, state fiscal health, and state political context in explaining appropriations for…

This paper designs a new equalization-aid formula based on fiscal gaps of local communities. When states are in transition to a new local aid formula, the issue of whether and how to hold existing aid harmless poses a challenge. The authors show that some previous studies and the formulas derived from them give differential weights to existing and…

To be at the University of Arizona these days is, in some ways, to be under siege. The flagship university in one of the nation's fastest-growing states may have to eliminate some 600 jobs and merge dozens of programs to deal with two rounds of budget cuts imposed since June. Now the governor is telling the university and other state agencies to…

Reforming the way a state distributes its funding to local school districts is clearly a challenging task. This paper presents the Rhode Island story on school funding reform. First, the paper begins with a short history of Rhode Island's school finance system and the key factors that called for school funding reform. Second, the paper discusses…

Public education supports California's economic growth and creates opportunities for the state's youth. Given that, it is important for Californians to understand how much the state is investing in its schools and how that money is being spent. Comparing California with the nation and other similar states can provide a useful perspective in…