TOPIC

Education finance

Education Finance

In adopting the Local Control Funding Formula, 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
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School Uses of Lottery Revenue—Year One
Since its passage in the fall of 1984, the California State Lottery has been widely and enthusiastically supported by players while receiving more guarded support from educators. Now the largest state-operated lottery in the nation, California's…
The Economic History of School Finance in the United States
This paper argues that the components of educa­tional provisions which satisfy private demands, mythology aside, almost invariably win out over the public goods components. If true, this leads, on the one hand, to a diminished supply of social…
Peninsula Academies Replications: 1985–1986 Evaluation Report
1985–86 Evaluation Report
The Peninsula Academies are a three-year high school program for at-risk students, designed to provide them with incentives both to graduate and to acquire labor market-relevant skills. An Academy combines academic and technical training in a school…
A School Finance Research Agenda for an Era of Education Reform
Until about 1980, the issues surrounding public school finance remained the same. They were fiscal in nature and included spending inequalities related to differences in school district property wealth per pupil; technicalities related to various…