Money and Schools

Money and Schools explains and demonstrates the relationship between money and equality of educational opportunity in a way that is clear, precise, and engaging. Grounded in research and best practices, this book provides a broad overview of school finance, budgeting, and resource allocation, an understanding of the underlying economic, social, legal, and political principles that drive how schools are funded, as well as a detailed examination of day-to-day funding operations. Rich pedagogical features include chapter drivers, point/counterpoint discussions, case studies, portfolio exercises, and web and recommended resources. This accessible and engaging book offers strong connections to real-world experiences and detailed information on preK–12 funding history, concepts, and current operations for both aspiring and experienced education leaders in school budgeting, finance, and resource management courses. New to this edition: Coverage of new concepts and trends, such as the political economy and culture of public education. Inclusion of cutting-edge research on the impacts of money on student learning outcomes. Expanded chapter-by-chapter annotations and recommended resources that point readers to other resources and explain key concepts in greater detail. New online supplemental downloads, including updated PowerPoints for Instructors and chapter-based interactive figures for download.

Part I: Overview of Broad Concepts, 1. Schools, Values, and Money, 2. Funding Schools: A Policy Perspective, 3. Basic Funding Structures, Part II: Operationalizing School Money, 4. School Funds: Accountability, Performance and Professionalism, 5. Budget Planning, 6. Budgeting for Human Resources, 7. Budgeting for Instruction, 8. Budgeting for Student Activities, 9. Budgeting for School Infrastructure, 10. Budgeting for Transportation and Food Services, 11. Budgeting for Legal Liability and Risk Management, Part III: A View of the Future, 12. Trends and the Future of School Funding

R. Craig Wood is Professor Emeritus of Educational Administration at the University of Florida, USA. David C. Thompson is Skeen Endowed Chair in Education and Professor of Educational Leadership and Distinguished Research Fellow in the National Education Finance Academy at Kansas State University, USA. Jeffrey A. Maiden is Senior Researcher and Director of the Institute for the Study of Education Finance and Professor of Educational Administration, Curriculum, and Supervision at the University of Oklahoma, USA.