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Equitable Funding and Expenditures
This concept can be looked at from both the student and the taxpayer's perspectives and at local, state, and federal levels. Public education is generally financed through a combination of federal, state, and local taxes. Federal education funding is 7% to 9% of state education budgets. Local funding made up the bulk of funds prior to the 1990s; however, since the 1990s, state taxes have made up 70% to 80% of local education budgets. The percentage varies by district and state. An “upbeat economy” is historically tied to the launching of major new federal education programs and increased federal funding for education. Since public schools are ultimately funded and administrated at the local level, local school administrators who reflect the interests of their constituents generally ...