The Future of Funding K-12 Funding - ed

THE FUTURE OF

K¨C12 FUNDING

How States Can Equalize Opportunity and

Make K¨C12 Funding More Equitable

Martin F. Lueken

James V. Shuls

ABOUT EDCHOICE

EdChoice is a nonprofit, nonpartisan organization dedicated

to advancing full and unencumbered educational choice as the

best pathway to successful lives and a stronger society. EdChoice

believes that families, not bureaucrats, are best equipped to make

K¨C12 schooling decisions for their children. The organization

works at the state level to educate diverse audiences, train

advocates and engage policymakers on the benefits of high-quality

school choice programs. EdChoice is the intellectual legacy of

Milton and Rose D. Friedman, who founded the organization in

1996 as the Friedman Foundation for Educational Choice.

This work was made possible with financial support from the

Walton Family Foundation.

JANUARY 2019

THE FUTURE OF

K¨C12 FUNDING

How States Can Equalize Opportunity and

Make K¨C12 Funding More Equitable

Martin F. Lueken

James V. Shuls

TABLE OF CONTENTS

Executive Summary......................................................................................................................................... 1

Introduction......................................................................................................................................................5

Principles Guiding School Funding.............................................................................................................. 7

Examining Existing K¨C12 Funding Systems...............................................................................................9

Indiana Funding System...............................................................................................................9

Mississippi Funding System...................................................................................................... 12

Texas Funding System................................................................................................................. 15

Discussion........................................................................................................................................................ 16

Challenging Today¡¯s Assumptions............................................................................................ 16

The Right Funding System......................................................................................................... 17

Operational Considerations When Opportunity is the North Star................................... 18

Conclusion...................................................................................................................................................... 20

About the Authors..........................................................................................................................................28

Acknowledgements........................................................................................................................................29

LIST OF FIGURES AND TABLES

Figure 1: Average Per-Pupil Cost for Indiana District Schools vs.

Average Voucher Amount, FY 2016...........................................................................................6

Figure 2: Fiscal Alignment of Education Costs in Indiana ..................................................................11

Figure 3: Fiscal Alignment of Education Costs in Mississippi ........................................................... 14

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