The second annual “The Adequacy and Fairness of State School Finance Systems” report is out. And if it were awarding grades, Indiana could expect a D-minus for effort.
The report, produced by researchers at the Albert Shanker Institute and the Rutgers University Graduate School of Education, builds on the growing scholarly consensus that spending more money on schools leads to better results.
“In other words,” it says, “the evidence is clear that money does, indeed, matter.”
Indiana’s highest-poverty school districts spend only 65 percent of what’s needed for their students to achieve modest academic success, according to a new education finance report from the Rutgers Graduate School of Education and the Albert Shanker Institute.
Is it because we can’t afford to do better? Not at all. Indiana is near the bottom of the states when it comes to funding “effort,” the percentage of gross state product spent on schools.
It’s more compelling evidence that state legislators should be thinking a lot bigger as they decide how much of the two-year state budget to spend on K-12 education.