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Focusing on academic and economic outcomes misses social benefits of school spending for child health and well-being. We use close school district tax elections 1995-2018, National Vital Statistics mortality data, and negative binomial regression models to estimate effects of a quasi-random increase in school spending on county child mortality. We find that increased school spending from passing a tax election reduces child mortality. Districts that narrowly passed a proposed tax increase spent an additional $255 per pupil, mostly on instruction and salaries, and had 4% lower child mortality after spending increased (6-10 years after the election). This increased spending also reduced child deaths of despair (due to drugs, alcohol, or suicide) by 5% and child deaths due to accidents by 7%. Estimates predicting potential mechanisms suggest that lower child mortality partly reflects increases in the number of teachers and counselors, higher teacher salaries, and improved student engagement.