Does Money Matter Most?
Finding a Silver Lining for Schools in Recessionary Times
These are dreadful times for public schools, and even with President Barack Obama’s economic-stimulus plan, it’s hard to see where the silver lining might be. Schools have become dominated by the money myth : Inadequate outcomes can be explained by inadequate revenues, and any educational problem requires increased spending. Few people are going to look for improving schools in a period of declining revenues.
But the link between spending per pupil and outcomes has always been weak. Since increased revenues are unlikely, this period provides an opportunity to rethink the relationship of money to effective school resources, and to develop new approaches.
States, districts, and schools should pursue at least the following five strategies, each based on a different reason the...
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