[1] https://www.cato.org/blog/school-funding-system-not-broken-i...
[2] https://www.cato.org/publications/commentary/americas-most-c...
[1] https://www.cato.org/blog/school-funding-system-not-broken-i...
[2] https://www.cato.org/publications/commentary/americas-most-c...
- Total US inflation rate: ~550%
- US Population growth: ~60%
This suggests education spending, per child, is roughly 1/3 what it was in the 1970 (or so my late night napkin math says)
Pensions are another huge problem. Those big promises handed out in the 70s-80s are now coming due. There's districts spending double digits percentages of their budget paying retired teachers.
So lots of money going in but bills are riding faster.
But the general point is still correct. Inner city schools generally have the highest budgets per pupil in their state. Ultimately spending is not very correlated with performance.
Of course, in a perfectly allocated system it wouldn't be correlated at all. Money would flow to where it was needed most until every school generated equal outcomes