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Instead of a transparent process that evaluates and funds student needs, education funding is an opaque process that few understand, and even fewer find effective. It is time to update unfair and outdated funding systems that focus on everything except what kids need to succeed. Funding systems should provide more funding to students with greater needs, reduce geographic and per-student inequities, and foster innovation so that providers can offer solutions that meet student needs.
Financial transparency can help leaders get the most out of education dollars while shining light on their spending decisions. Technology has revolutionized how we live. Apps such Waze, Open Table, and You Need a Budget provide users with real-time information to help them avoid traffic, make restaurant reservations, and attain their financial goals. Yet public […]
Empowering local leaders means giving more flexibility to those closest to the kids so they can make tradeoffs with scarce resources and innovate with how they deliver services. A strong, straightforward policy principle is that local leaders and families are best situated to make effective decisions with education resources and delivering services. However, state and […]
The delivery of education dollars should be streamlined based on students’ needs using a weighted student formula so funding is fair, portable, and transparent. Most school finance formulas contain arbitrary and restrictive provisions that cause inequities and limit local discretion. Such funding streams should be eliminated so dollars can be freed up and used more […]
Education dollars should be equalized to ensure that funding is based on students, not property wealth or ZIP code. Public education is funded primarily by state and local revenue streams. Because local dollars are largely derived from property taxes, districts with greater property wealth often raise more revenue than those with less. As a result, […]
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