Friday, July 20, 2018

MassBudget: A Formula for Success


July 18, 2018

A Formula for Success:
Updating education funding to help schools better serve all our children

Students have the best chance of succeeding when their schools have the resources to serve them effectively. But the Massachusetts school funding formula, known as Chapter 70, has not been comprehensively updated in 25 years, leaving many schools unable to adequately support essential resources like teachers, materials, and well-maintained facilities.
In its new report, Building an Education System that Works for Everyone: Funding Reforms to Help All Our Children Thrive, the Massachusetts Budget and Policy Center (MassBudget) examines how much the formula falls short of funding major expenses and how that leads to under-resourcing of other critical needs. 

The report finds that the Commonwealth could address the problems identified by the Foundation Budget Review Commission (FBRC) - the underfunding of specific expenses and inadequate funding to support low-income students and English Language Learners - by increasing education funding by $888 million (or $1.082 billion when also accounting for increases in to minimum aid provided to all school districts). 

The report also examines the implications of reforms that do not include the full complement of funding categories identified by the FBRC. All of the estimates assume a five year phase-in of the reforms.MassBudget: A Formula for Success
The Massachusetts Budget and Policy Center (MassBudget) produces policy research, analysis, and data-driven recommendations focused on improving the lives of low- and middle-income children and adults, strengthening our state's economy, and enhancing the quality of life in Massachusetts.

BOSTON, MA 02108

Massachusetts Budget and Policy Center, 15 Court Square, Suite 700, Boston, MA 02108

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