Schools nationwide require resources to operate, and that typically boils down to money. The way in which schools get their funding varies from state to state and district to district. However, there are a few basic funding principles that are relatively uniform throughout the country. With funding coming from a variety of resources, and allocation determined in various ways, it is helpful to understand the basics of funding public schools to discover where these important institutions get the resources they need to educate students across America.
Where does the Money Come From?
According to , public school funding comes from a variety of sources at the local, state and federal level. Approximately 48 percent of a school’s budget comes from state resources, including income taxes, sales tax, and fees. Another 44 percent is contributed locally, primarily through the property taxes of homeowners in the area. The last eight percent of the public education budget comes from federal sources, with an emphasis on grants for specific programs and services for students that need them.
This TEDTalk discusses the funding of public schools.
The website for the U.S. Department of Education explains that during the 2004-2005 school year, about 83 cents from every dollar spent on education came from state and local sources. Around eight percent is contributed by the federal government, and another eight or nine percent might come from private entities.