New Guide for States to Improve Public School Funding
For those intrepid enough to dive into the complex and confusing world of school finance, ExcelinEd’s new Student Centered State Funding: A How To Guide for States is an exceptional outline to learn about the benefits of student-based funding. Student-based funding is a clear, logical way to maximize the efficiency of funding and equitably finance school districts. A base amount of funding is granted to each student that follows them to any district they choose to attend. The amount is increased for students with disadvantages, such as those in special education programs or in poverty. The amount that funding increases for disadvantaged students in a student-based funding model is determined by a multiplier. Let’s say (using hypothetical base funding and multipliers for this example) that the base funding for an average student is $5,000. If the student in question was an English language learner, then we would increase the multiplier from 1 to 1.5. Now, the student would receive (1.5 x 5,000) $7,500 in funding. Disadvantaged or not, whatever district the student chooses to attend, the funding will follow. In the creation and maintaining of a student-based funding plan, ExcelinEd emphasizes five steps: Establish a base funding amount that every […]
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