Allocation and Control of Public Funds
Allocation and Control of Public Funds
This chapter describes a school funding system that, consistent with the principles of constitutional governance, funds schools and students equitably, gives schools a defined amount for every student that enrolls, and allow schools to set their own spending priorities. After reviewing the existing system for funding K-12 schools, the chapter describes a transformed funding system that would fund education not institutions; move money as students move from one school to another via a “student backpack” arrangement; pay for unconventional forms of instruction; pay for facilities without privileging conventional school models; withhold funding for ineffective programs without chilling innovation; and adapt funding levels and student weighting in light of experience. It explains how these principles would be put into practice, what problems might arise, and how these could be managed.
Keywords: school funding, funding based on enrolment, student backpack, unconventional forms of instruction, facilities, innovation, student weighting
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