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…

In 2013, California enacted an ambitious school funding reform--the Local Control Funding Formula (LCFF). The LCFF fundamentally overhauled the state's prior K-12 education finance system, which studies found to be inequitable, irrational, and highly centralized. More than a decade after its enactment, a growing body of research indicates the LCFF…