Texas Schools Need $8B in Extra Funding Per Year, Expert Says

Texas will need to spend at least an additional $8 billion per year to ensure its students meet the tough new academic standards imposed by state lawmakers, a top school finance expert testified Monday.

Read more

California School Districts Could Take Credit Rating Hit

With five straight years of budget cuts and deferred payments from the state, California school districts have increasingly had to turn to borrowing. Now, if neither state proposition that would shore up education funding passes Nov. 6, the cost of borrowing for many districts is likely to go up.

Read more

N.J. Education Chief Can Impose Salary Caps

A state appellate panel today said Education Commissioner Christopher Cerf has the authority to impose salary caps on New Jersey’s school superintendents, dealing Gov. Chris Christie’s administration another win over the battle to hold down school spending.

Read more

Gov. Scott Supports Debit Cards for Fla. Teachers

Florida's Gov. Rick Scott wants all his teachers to get state-funded debit cards they can use to purchase school supplies that many now pay for with their own money.

Read more

Ohio Might Reimburse Schools $576K After Miscalculation

In an unusual move, the Ohio School Facilities Commission will recommend the state reimburse $576,000 of the cost Huber Heights City Schools spent to add five extra classrooms to its new elementary schools after district officials argued a state consultant miscalculated enrollment projections.

Read more

Audit: U.S. Oversight of Charter School Funds Lax

An audit of the U.S. Department of Education's division overseeing hundreds of millions of dollars in charter school funding has criticized the office for failing to properly monitor how states spend the money.

Passing off $980M in School Debt for the Next Generation

New School Grant Opportunities

Education Savings Accounts: “The Way of the Future”

Education Savings Accounts (ESAs) are "the way of the future," writes Matthew Ladner in a new report released this month.

Read more

Education, Health Spending Outgrowing GDP

Public expenditure on education at 19 percent and health at 17.5 percent grew faster than GDP which expanded at 15.3 percent during the period between 2003-04 and 2010-11, rating agency Crisil said in a note today.

Read more