In 2012, we released a report entitled “Does Money Matter in Education?,” written by Rutgers Professor Bruce Baker. The report presented a thorough, balanced review of the rather sizable body of research on the relationship between K-12 education spending and outcomes. The motivation for this report was to address the highly contentious yet often painfully oversimplified tribal arguments regarding the impact of education spending and finance reforms, as well as provide an evidence-based guide for policymakers during a time of severe budgetary hardship. It remains our most viewed resource ever, by far.
Now, almost four years later, education spending in most states and localities is still in trouble. For example, state funding of education is lower in 2016 than it was in 2008 (prior to the recession) in 31 states (Leachman et al. 2016). Moreover, during this time, there has been a continuing effort to convince the public that how much we spend on schools doesn’t matter for outcomes, and that these spending cuts will do no harm.
As is almost always the case, the evidence on spending in education is far more nuanced and complex than our debates about it (on both “sides” of the issue). And this evidence has been building for decades, with significant advances since the release of our first “Does Money Matter?” report. For this reason, we have today released the second edition, updated by the author. The report is available here.