School Funding and the Budget
Section 2: School Funding and the Budget
A budget is a financial plan which is similar to planning for a vacation. The goal is not to over spend your hotel or modes of transportation. At the beginning of the vacation, one would plan a budget and not spend all the funds saved for the trip at the first stop on the trip or on the first day. In preparing a school budget, proper planning for the year is essential and the plan must include; needs, wants, budget, categories, mapping of funds, flexibilities, allocation of resources, etc.
Please see each Activity for Required Readings.
Assignment 4 Funding the Schools with State and Federal Dollars
In the United States Constitution, the Tenth Amendment delegates the responsibility of school funding to individual states; however, the way in which the individual state raise money to fund their schools system varies and is based upon the individual state’s interpretation. Ironically, every state must provide their students with a thorough and efficient education from grade 1 to grade 12. Each state has a different educational structure and unique way to fund their educational system. Although every state implements a different funding formula and structure for financing education; local municipality taxes, state, and federal funds are vital revenues to fund public education. Public education revenue is drawn from three sources; federal, state, and local.
In 2007, the Federal government spent $71.7 billion on elementary and secondary Education programs. These funds were spent by 13 federal departments and multiple agencies. Department of Education’s spent $39.2 billion on K-12 education. The largest programs in the Department of Education’s elementary and secondary budget were “Education for the disadvantaged” ($14.8 billion) and “Special Education” ($11.5 billion) (United States Department of Education, 2008, August 19).
Activity Required Reading:
• Financing education in a climate of change. Chapters 7, 8
• Is School Funding Fair? A National Report Card (2010)
Utilizing an internet search engine, do a search using Public School Funding by State. Locate your state and outline the school funding formula, structure, parameters established. In your opinion, describe if the system is efficient and promotes equity for all students and tax payers? Explain the aspects of the structure and what if anything needs to be improved. Your response should outline the various funding sources such as; local, state and federal level. If applicable, discuss how these funds are generated and allocated.
Length: 5-7 pages
References: A minimum of 5 scholarly resources
Your paper should demonstrate thoughtful consideration of the ideas and concepts that are presented in the course and provide new thoughts and insights relating directly to this topic. Your response should reflect scholarly writing and current APA standards. Review APA Form and Style.
United States Department of Education. (2008, August 19). Digest of educational statistics, 2007, table 360. National Center for Educational Statistics. Retrieved from http://nces.ed.gov/programs/digest/d07/tables/dt07_360.asp
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