K-12 School Spending Up 4.7% in 2019 From Previous Year
The nation spent $752.3 billion on its 48 million children in public schools in fiscal year 2019, a 4.7% increase from the previous year and the most per pupil in more than a decade.
Instructional salaries, the largest expenditure within current spending, totaled $239.9 billion in fiscal year 2019 or 31.9% of total expenditures for public elementary-secondary education.
The Census Bureau’s Annual Survey of School System Finances tables released todayshow per pupil current spending for elementary and secondary public education (pre-K through 12th grade) for all 50 states and the District of Columbia increased 5.0% to $13,187 in FY 2019 from $12,559 in FY 2018 — the largest increase since 2008.
Breaking Down School Spending
Total expenditures for elementary and secondary education include FY 2019 “current” spending, capital outlay expenditures, interest on debt and payments to other governments.
Current spending, which made up $652.3 billion or 86.7% of total expenditures in FY 2019, consists of expenses for day-to-day activities, including teachers’ salaries and benefits and most other school system daily expenses.
Capital outlay, another portion of total expenditures that includes construction, large equipment expenses and improvements to existing structures, totaled $76.3 billion or 10.1% of total expenditures.
Instructional salaries, the largest expenditure within current spending, totaled $239.9 billion in fiscal year 2019 or 31.9% of total expenditures for public elementary-secondary education.
Total expenditure increased by 4.7% while total revenue increased by 4.5% from fiscal year 2018.
Where School Funding Comes From
In FY 2019, state governments contributed the largest share of funding to public school systems: $350.9 billion or 46.7%.
Local sources of revenue were the next largest at $342.9 billion or 45.6%, and the federal government contributed the least, $57.9 billion or 7.7%.
The 2019 Annual Survey of School System Finances includes data on revenues, expenditures, debt and assets (cash and security holdings) of elementary and secondary public school systems.
Please note that the data released today were collected before the COVID-19 pandemic took hold in the United States. A preliminary report on 2020 fiscal year school finances data is scheduled to be released this fall.
