School and district leaders make annual decisions about investing their budgets in a multitude of educational programs. Policy directives set expectations for investing in programs that show evidence of improving student outcomes. However, evaluating many simultaneously-implemented programs under typical school operating conditions is challenging.…

School and district leaders make annual decisions about investing their budgets in a multitude of educational programs. Policy directives set expectations for investing in programs that show evidence of improving student outcomes. However, evaluating many simultaneously-implemented programs under typical school operating conditions is challenging.…

Ohio's school funding system is complex. The average taxpayer has at best a limited understanding about how their public schools' revenues and expenditures are collected, distributed, and expended. Overlay on the already complicated funding model with a myriad of school choice options with various funding mechanisms and amounts results in…

For the first time in many years, the Administration's proposed state budget does not project a deficit. Painful budget cutting in recent years combined with voters passing Proposition 30 in November to generate revenues finally have put California on more stable fiscal ground. However, it is critical to recognize that kids have borne a…

In March 2009, the Governmental Accounting Standards Board (GASB) issued Statement No. 54, "Fund Balance Reporting and Governmental Fund Type Definitions." School districts that prepare financial reports based on generally accepted accounting principles are required to implement this standard no later than the first fiscal year that starts after…

If one relies on newspaper headlines for education funding information, one might conclude that America's schools suffer from a perpetual fiscal crisis, every year perched precariously on the brink of financial ruin, never knowing whether there will be sufficient funding to continue operating. Budgetary shortfalls, school district bankruptcies,…

Change, competition, and its consequences are particularly salient for California's community colleges. At its peak in 2002, California's community college system educated more than 2.5 million students annually. Nevertheless, California's community colleges receive the smallest proportion of the state education budget while enrolling nearly three…

This article presents the state education finance and governance profile of Virginia. The state allocates K-12 education funds on a biennial basis. Supplements and rescissions to the original funding amount are made on an annual basis in order to correct for revenue growth or deficit. The state budget currently provides more than $5 billion to…

This article presents the state education finance and governance profile of Oklahoma. The state uses a State Aid Formula to determine the appropriation of funds to various districts. Along with the aid formula, the state collects revenue from the following sources: compensatory programs, special education, vocational programs, transportation…

This article presents the state education finance and governance profile of Texas. In 1854, the Permanent School Fund (PSF) was established by a legislative appropriation of $2 million. Today, the PSF has an approximate balance of $25 billion and continues to receive revenue from state taxes on land and minerals. The State Board of Education…

This article presents the state education finance and governance profile of South Carolina. In the state of South Carolina, the population in 1990 was estimated at 3,486,310, and as of July 2008 the population was estimated at 4,479,800. In terms of education funding, the K-12 education General Fund appropriation is $2,441,044,733 for Fiscal Year…

This article presents the state education finance and governance profile of West Virginia. West Virginia is the 41st largest state in the United States, with an area of 24,231 square miles. The total population of West Virginia in 2008 was 1,814,468, making it the 37th most populous state in the United States. Current expenditures per pupil are…

This article presents Kentucky's education finance and governance profile. Kentucky is home to approximately 4,241,474 people according to 2007 U.S. Census Bureau estimates. This represents 1.41% of the entire U.S. population. In terms of education spending, for the 2007-08 school year, Kentucky spent an average of $8,839 per pupil. Overall…

This article presents Louisiana's education finance and governance profile. Louisiana witnessed a 3.9% decline in population during the period from 2000 to 2007. Poverty persists both in urban and rural areas of the state, as demonstrated by visible poverty both in the agricultural parishes and in major cities such as New Orleans and Shreveport…

This article presents the state education finance and governance profile of Alabama. The state is home to 1,538 public schools distributed across 67 county school systems and 64 city school systems. State spending is allocated via two separate budgets, "the general fund" for all noneducation related expenditures and the Education Trust…