Every child deserves the same opportunity for a great education. And that means every school deserves fair funding. For years, our school budgeting fell short of that promise. Last year we began to change that. Under Fair Student Funding, we began to allocate the largest school funding stream in a more equitable way. We now fund schools based on the needs of the children at each school, because it’s our students who matter most.
Fair Student Funding aims to achieve three major goals:
Fair Student Funding is based on simple principles:
In keeping with these principles, Fair Student Funding means that:
We need to drive more resources into schools that aren’t getting their fair share of funds and encourage all schools to perform better. But we also need to protect what’s already working. That’s why Fair Student Funding is being implemented gradually. Specifically:
Two important things to keep in mind:
Going forward, Fair Student Funding provides a flexible vehicle for public feedback and improvement over time. We have made tradeoffs and tough decisions transparent. We have provided extensive data about schools’ funding in more accessible form. We are committed to improving Fair Student Funding in the coming years through input from principals, teachers, parents, and school communities.