Estimating the Adequacy of School Funding: Evidence From a Cost Function and Professional Judgment Study

• In Event: Exploring the Adequacy and Equity of Federal Stimulus Funding and Beyond

Abstract

The American Institutes for Research has conducted K-12 adequacy cost studies in several states to determine how much funding students should receive to achieve sufficient outcomes. In this paper, we discuss two different methods for estimating the costs of an adequate education: (a) the cost function approach and (b) the professional judgment approach. Using evidence from Delaware, we describe each method of estimating adequacy and compare and contrast estimates from each model. We conclude with recommendations to researchers and policymakers on how to best utilize estimates from each approach to establish equitable and adequate school funding.

Authors

• Ajay Srikanth, American Institutes for Research

• Jesse D. Levin, American Institutes for Research

• Drew Atchison, American Institutes for Research

• S. Sana Fatima, Senior Researcher

• Bruce D. Baker, University of Miami

• Amy E. Trauth, American Institutes for Research

• Nora Gannon-slater, American Institutes for Research

• Laura Wallace, Administration for Children and Families