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
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School Uses of Lottery Revenue—Year One
The report discusses the implementation and impact of California's State Lottery. During its first year of operation, the lottery generated $1.77 billion in ticket sales, with $689 million going towards public education. However, the article…
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
Peninsula Academies are three-year high school programs designed for at-risk students, combining academic and technical training. Since 1981, they've been operating in California, and in 1985, ten new programs were created under state sponsorship.…
A School Finance Research Agenda for an Era of Education Reform
Before the 1970s, public school finance issues were mainly related to spending inequalities. However, since then, the focus has shifted towards financing education to improve its quality. This article suggests new research directions for school…