National School Spending Inches Up to $623 Billion, Says Recent Federal Data – Education Week

By Andrew Ujifusa

Spending on the nation’s public schools has gone up slightly, according to data from the National Center for Education Statistics, with state spending on K-12 increasing at exactly the same rate as federal spending has gone down.

In a blog post published last Friday, NCES reported that the amount of money spent per pupil in elementary and secondary schools rose by 1.2 percent from fiscal 2013 to fiscal 2014, up to $11,066 per student, after declining from fiscal 2009 to fiscal 2013. (Hat-tip to Mike Zinshteyn at the Education Writers Association.)

Spending from federal, state, and local resources totaled $623 billion in fiscal 2014. From fiscal 2013 to fiscal 2014, state revenues for schools rose by 3.9 percent, from $278 billion to $288 billion, while federal revenue dipped by 3.9 percent, from $57 billion to $56 billion, according to the post written by Stephen Q. Cornman and Lauren Musu-Gillette. Local spending rose by 0.5 percent, from $279 billion to $281 billion.

Source: National School Spending Inches Up to $623 Billion, Says Recent Federal Data – Politics K-12 – Education Week

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