Equal opportunity is kind of the endgame in education policy. That is, school systems should provide all students, regardless of their backgrounds or economic circumstances, with what they need to achieve minimum acceptable outcome levels.
School funding is a huge factor in the equal opportunity realm, given that virtually all effective education policies require investment. From the finance perspective, states can achieve equal opportunity by allocating funds such that districts with higher costs—e.g., those serving higher-poverty populations—have enough to pay those costs (primarily by using state funds to help districts with less capacity to raise funds locally). In other words, the job of states is to ensure that funding is adequate in all districts.
What we’ve found in the School Finance Indicators Database (SFID), in short, is that there is plenty of educational opportunity in the U.S., but it’s not equal. Let’s quickly visualize some of our SFID data and see how that’s the case.