Choice will enable better schools for fewer dollars, argues Marcus Winters in City Journal. “Schools don’t need more funds; they need the freedom to use their funds as they see best.”
According to the Department of Education, public schools spent, on average, $12,922 per pupil in 2008, the most recent year for which data are available. Adjusting for inflation, that’s more than double the $6,402 per student that public schools spent in 1975.
Despite that doubling of funds, just about every measure of educational outcomes has remained stagnant since 1975, though some have finally begun to inch upward over the last few years. Student scores on the National Assessment of Educational Progress (NAEP)—the only consistently observed measure of student math and reading achievement over the period—have remained relatively flat since the mid-1970s. High school graduation rates haven’t budged much over the last 40 years, either.