Much of our education funding is wasted on bureaucracy. The money never actually makes it into the classroom in the form of books, computers, supplies, or even salaries for better teachers. Weighted student formula changes that. Using weighted student formula’s decentralized system, education funds are attached to each student and the students can take that money directly to the public school of their choice.
At least 15 major school districts have moved to this system of backpack funding. Reason Foundation’s new Weighted Student Formula Yearbook examines how the budgeting system is being implemented in each of these places and, based on the real-world data, offers a series of “best practices” that other districts and states can follow to improve the quality of their schools.
In places where parents have school choice and districts empower their principals and teachers we are seeing increased learning and better test scores. The results from districts using student-based funding are very promising. Prior to 2008, less than half of Hartford, Connecticut’s education money made it to the classroom. Now, over 70 percent makes it there. As a result, the district’s schools posted the largest gains, over three times the average increase, on the state’s Mastery Tests in 2007-08.