NC State Ag Economist Mike Walden – “Paying for Schools”

 

Mary:  I’m Mary Walden with economist MW, welcoming you to the economic perspective.  Today’s program looks at paying for schools.   Mike, in funding K-12 public schools, there’s a three-pronged stool of the federal, state, and local governments.  Do the shares from each of these governments vary among states?

 

Mike:  Summary Answer

  1. They do, and North Carolina stands out on one of the prongs
  2. Average split is 10% federal, 45% state, and 45% local
  3. Federal share is slightly higher in NC at 14%, but big difference is split between state and local
  4. State share in NC is 60%, with local 26%
  5. So NC state share is much higher, and local share is much lower
  6. Indeed, only 7 other states have a higher state share
  7. Goes back to 1930 when state took over funding of local schools in the depression
  8. Does have an advantage of have more equality of funding
  9. I’m MW

 

Mary:  And I’m Mary Walden for the North Carolina Cooperative Extension Service


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