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…

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…

Education Law Center's "Making the Grade" is an annual overview of the condition of school finance in the states. Using the most recently available data from the 2021-2022 school year, the report ranks and grades each state on three measures to answer the key question: How fair is school funding in your state? The three fairness measures…

Budgets do not only pay the costs of activities. They also reveal the ambitions and limitations of an organization. The opportunities presented in a budget are also bounded by the structural elements used by that institution: how costs and revenues are organized, how overhead is calculated and apportioned, and how assets and investments are…

This article explains the process behind estimating a National Education Cost Model (NECM) and generating from that model projections of per-pupil costs to achieve 2016 national average outcomes (reading and math grades 3 to 8) across all districts in the United States, from 2019-20 to 2020-21. This article is a follow-up to a preliminary report…

Funding for California's schools has reached record-high levels, although the pandemic has exacerbated longstanding inequities in student outcomes. As policymakers grapple with questions around how much to fund schools and how that funding should be distributed, existing research can provide insights into where and how to use additional funds to…

With rising state and local revenues--and significant one-time federal funds in 2020-21 and 2021-22--California policymakers now have greater capacity to invest in public schools. At the same time, longstanding racial and income disparities motivate calls to provide funding more efficiently and equitably. This policy brief is adapted from Julien…

California's school funding system has changed in several very significant ways since the original "District Dollars" report (Loeb, Grissom, and Strunk 2007), so the purpose of this report is to update that analysis and to track the evolution of district finances over the intervening 12 years, as well as to consider a few other issues…

In 2015, the Maine State Legislature's Joint Standing Committee on Education and Cultural Affairs commissioned the Maine Education Policy Research Institute (MEPRI) to study the state's Essential Program and Services (EPS) K-12 education funding model in relationship to the funding for Maine's two virtual charter schools. The study was initiated…

"Investing in Illinois' Students: An Analysis of Evidence-Based Funding and the Path to Equity, Student Success, and Long-Term COVID-19 Recovery" shares new analyses on the impact of EBF on K-12 education resource equity and remaining gaps between current funding levels and full, adequate funding. The data are striking and underscore the…

This document contains the survey data and tables for the report "An Evaluation of Coronavirus Aid, Relief, and Economic Security Act Funding for Postsecondary Institutions." In January and February 2021, National Association of Student Financial Aid Administrators (NASFAA) collaborated with Student Affairs Administrators in Higher…

Many state education leaders are taking a fresh look at their school finance formulas in hopes of finding ways to contain costs and get more for their dollar. That is an understandable response given that education is the largest item on most state budgets. This paper examines how current funding practices lead to inefficiencies, particularly…

This article describes a study that examined the volume of secondary course failure and its direct budget impact on Ontario's K-12 public education system. The study employed a straightforward, descriptive accounting method to estimate the annual expenditure tied to secondary course failure, taking into account some factors known to be…

At $14 billion, the investment in operating support for higher education institutions from the coronavirus relief bill, the Coronavirus Aid, Relief, and Economic Security (CARES) Act, is the largest one-year federal infusion of funds going straight to colleges since the Great Recession. Yet it's nowhere close to enough. Many states have already…