School Business Affairs
Financial resources for public education are increasingly scarce, and district leaders at all levels continue to struggle to maintain adequate levels of financial resources for their students and programs using complex funding formulas unique to their own jurisdictions. To help educators and education stakeholders better understand the dimensions of paying for public education, we begin with an overview of the historical development of school finance litigation that has shaped the funding mechanisms in most jurisdictions. The next section highlights developments in four representative jurisdictions from the funding formulas currently available in ASBO International’s Funding Formula Library. The library, available on the Global School Business Network (asbointl.org/network), is a growing compilation of school funding formulas to help practitioners share and compare school system funding models in and outside the United States.
Rather than cover all of the library’s formulas, this column highlights developments in California, Illinois, Iowa, and Massachusetts as a way of illustrating the status of school funding across the country.
Copyright © 2015, ASBO International
Association of School Business Officials
Place of Publication
Russo, Charles J.; Thro, William E.; and Batz, Frank M., "Financing Education: An Overview of Public School Funding" (2015). Educational Leadership Faculty Publications. 185.