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
Economic Approaches to Teacher Recruitment and Retention
This article discusses how teacher recruitment and retention affect the quality of teaching in schools. The supply and demand model, including wages and non-pecuniary job attributes, influences the supply of potential and current teachers. The…
Theoretical Concepts in the Economics of Education
Economics of education has grown in importance over the past two decades, as education is viewed as a critical factor in a nation's economic success. Economics can help improve the productivity of educational institutions by focusing on incentives,…
Quality Teacher and Education Act San Francisco
Lessons Learned
This policy brief examines the recent development and approval of Proposition A in the San Francisco Unified School District, which included a parcel tax for increasing teacher salaries, introducing flexibility to the salary schedule, and…
Development Teacher Salary Parcel Tax
The Quality Teacher and Education Act in San Francisco
This policy report reviews the approval of Proposition A, a parcel tax initiative in the San Francisco Unified School District, which aimed to improve teacher salaries and fund innovative compensation programs. The report includes an assessment of…