TOPIC

Education finance

Education Finance

In adopting the Local Control Funding Formula (LCFF), California moved from one of the least transparent school funding systems in the country to one of the most straightforward. In addition, increased revenue has helped California school district resource and expenditure levels not only recover from their post-recession lows, but also reach higher levels in 2016–17 than at any point since at least 2004–05.

However, per-pupil spending in California remains consistently below the national average, and district budgets are being impacted by rising costs associated with pensions, health care, Special Education, and facilities.

PACE research in this area is focused on building and advancing the evidence base on how to achieve equitable and adequate funding that leads to improved outcomes.

Recent Topic Publications
Improving Educational Productivity and School Finance
The education productivity problem is rising resources but only modestly rising student achievement. Current education reform aims to produce higher student achievement with stable resources. Low student performance may be due to declining social…
cover
The 1995-96 California state budget increased K-12 education funding by $1 billion, but the additional funds were meant to be used for non-recurring expenses like deferred maintenance and facility upgrades. Lottery revenues were also intended for…
cover
Financial Analysis
The Californians will vote on Proposition 174 which will amend the state constitution to establish "scholarships" for kindergarten to 12th-grade schooling. These new schools will be publicly funded but may have privately selected governing boards…
cover
Overview of PACE Analysis
Policy Analysis for California Education (PACE) has analyzed the financial, legal, and social ramifications of Proposition 1