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In the 2019-2020 school year, 47.5% of funding came from state governments, 44.9% came from local governments, and the federal government provided about 7.6% of school funding. Revenues for public elementary and secondary education can vary based on local, state, and federal sources.
Public education in the U.S. is largely financed by state (46.8%) and local (45.3%) sources, while the remaining 7.8% is contributed by federal sources. Below is the list of specific sources of revenue per category for public schools. Below are more school funding statistics.
During the 2019-2020 school year, there was $15,810 spent on K-12 public education for every student in the US. Education spending per K-12 public school students has nearly doubled since the 1970s. This estimate of spending on education is produced by the National Center for Education Statistics.
Annual Survey of School System Finances. Education finance data include revenues, expenditures, debt, and assets [cash and security holdings] of elementary and secondary public school systems. Statistics cover school systems in all states, and include the District of Columbia.
Compare information on all aspects of Public School Finance including revenues, expenditures, percent poverty and other characteristics.
The nation spent $752.3 billion on its 48 million children in public schools in fiscal year 2019, a 4.7% increase from the previous year and the most per pupil in more than a decade.
Total public school revenues increased by 16 percent from 2010–11 to 2020–21 (from $819 billion to $954 billion). During this time, total revenues were lowest in 2012–13 ($782 billion). After 2012–13, revenues increased through 2020–21 by an average of $21 billion (3 percent) per year.
Average U.S. public school spending per pupil in elementary and secondary schools rose 8.9% to $15,633 in fiscal year (FY) 2022 from the previous year, according to the U.S. Census Bureau’s most recent Annual Survey of School System Finances data.
In 2020–21, of the $18,614 spent on total expenditures per pupil nationally, current expenditures—which include salaries, employee benefits, purchased services, supplies, tuition, and other expenditures—accounted for $16,280 (87 percent);
America’s convoluted system for funding public schools results in highly unequal circumstances for school districts and their students depending on their home state. That’s the central...