Marguerite Roza on K12 school finance coming out of the dark ages

Marguerite Roza:

Want to know what’s spent per student at a public school near you? Or whether it’s more or less than what’s spent at another school up the road? While it may seem crazy, in most communities you’d need to be a forensic accountant to get answers to such seemingly straightforward questions. That’s because what typically gets tracked and reported in this country is district-level spending. (And even that can take several years to be released to the public.)

But that’s all about to change.

A sleeper provision in the Every Student Succeeds Act—come December 2018—will serve up a motherlode of never-before-available school-level financial data…

Backed with bipartisan support, ESSA’s financial transparency clause calls on states to publicly report spending by school starting in the 2017-18 school year—and do so just six months after the school year ends…The intent was to make spending data public and accessible to communities and school systems, unmasking systemic fiscal inequities among schools in the same district and making it much easier to investigate (and understand) the relationship between school outcomes and school spending…