Since 2003, the State Higher Education Executive Officers Association (SHEEO) has produced the annual State Higher Education Finance (SHEF) report to broaden understanding and enable analysis of state-level and national funding and enrollment trends over time. The SHEF report supplies important context and trend analysis to help inform state…

This publication includes tables with data on public elementary and secondary education revenues and expenditures at the local education agency (LEA) or school district level for fiscal year (FY) 2023. Specifically, the tables include finance data on the following topics: (1) Current expenditure totals and current expenditure per pupil amounts by…

This set of tables introduces new data for national and state-level public elementary and secondary revenues and expenditures for fiscal year (FY) 2021. Specifically, these tables include the following school finance data: (1) revenue and expenditure totals; (2) revenues by source; (3) expenditures by function and object; (4) current expenditures;…

This First Look report introduces new data for national and state-level public elementary and secondary revenues and expenditures for fiscal year (FY) 2022. Specifically, this report includes the following school finance data: (1) revenue and expenditure totals; (2) revenues by source; (3) expenditures by function, subfunction, and object; (4)…

This set of tables introduces new data for national and state-level public elementary and secondary revenues and expenditures for fiscal year (FY) 2020. Specifically, this report includes the following school finance data: (1) revenue and expenditure totals; (2) revenues by source; (3) expenditures by function and object; (4) current expenditures;…

Background: The Every Student Succeeds Act (ESSA; 2015) constituted a reauthorization of the 1965 Elementary and Secondary Education Act (ESEA) and replaced the No Child Left Behind Act (NCLB) of 2001. ESSA, although still recognizing the need of standardized testing, diverged from NCLB by transferring a significant amount of power over…

Recent reports have highlighted the inequalities that exist in how state and federal funding is allocated to different institution types and the students they serve (Ahlman, 2019; Carnevale et al., 2018; Foster & Fowles, 2018; Mugglestone et al., 2019; Taylor & Cantwell, 2019; Taylor et al., 2020). Because these different types of…

This study uses fiscal data reported by traditional public school districts between 2000 and 2017 to generate descriptive estimates of the relationship between the local market share of independent charter schools and the finances of host school districts in twenty-one states. The research questions for the study are as follows: (1) On average,…

This study examines the impacts of two distinct types of school spending on student outcomes. State-imposed revenue limits cap the total amount of revenue that a school district in Wisconsin can raise unless the district holds a referendum asking voters to exceed the cap. Importantly, Wisconsin law requires districts to hold separate referenda for…

Quality K-12 education is consistently ranked as one of the top priorities of Arizona voters. However, understanding the distribution of dollars from funding source to classroom is challenging since there are several factors impacting this process. This report aims to provide an overview of the numerous and complex funding sources that contribute…

Understanding how urban school districts allocate their education funds can help school leaders create more effective budgeting strategies and provide a basis for advocating for additional funding when necessary. This report provides an overview of how urban districts distribute their financial resources, highlights key areas of spending, and…

California's higher education systems are entering an era of fiscal uncertainty as the population of young people is projected to stagnate or decline in the coming decade. As the state looks to turn the page after the pandemic and establish a more stable funding model, significant challenges lie ahead in the near term. To inform future policies,…

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…

Between March 2020 and March 2021, the federal government distributed an unprecedented amount of money to American public schools to address the challenges of the COVID-19 pandemic. About $6 billion was distributed in three waves to the state of Michigan alone. This report uses data provided by districts to the state government to analyze how…

Rural schools make up 28% of all schools in the United States, serving over 9 million students (NCES, 2018; Thomas, 2023). Addressing the unique cost drivers, service gaps, and funding disparities between rural and nonrural districts is crucial to ensuring equitable learning opportunities for all students. Rural school districts in the U.S. face…