Skip to content

U.S. public schools hit record $946B spending in 2022-23 academic year

A record $946 billion flowed into K-12 schools—but stark state disparities remain. See where the money went and why some students get far more.

The image shows a poster with text and images that reads "Rescued the Economy and Changed the...
The image shows a poster with text and images that reads "Rescued the Economy and Changed the Course of the Pandemic through the American Rescue Plan". The poster is likely meant to inform people of the impact of the pandemic on the economy and how it has changed the course. The text is written in bold, black font against a white background, and the images are in shades of blue and green.

U.S. public schools hit record $946B spending in 2022-23 academic year

Public K-12 schools in the U.S. saw a rise in spending during the 2022-23 academic year. The total budget reached $946 billion, with an average of $16,526 spent per pupil. This marked a 5.7% increase in per-student funding compared to the previous year. Funding for U.S. public schools comes from three main sources. States contributed nearly 45% of the total in 2022-23, while local governments provided around 43%. The federal government covered the remaining 12.7%, a share that has grown over time.

Federal spending on K-12 education has climbed sharply since 2000. Adjusted for inflation, it rose from about $8 billion to over $80 billion by 2020. This increase came from policies like No Child Left Behind and the Every Student Succeeds Act (ESSA). As a result, the federal share of total K-12 spending grew from roughly 8% to 13%.

The largest federal programs include school lunch initiatives, Title I funding, and IDEA services for students with disabilities. Around 70% of U.S. schools receive Title I funds, which target areas with high numbers of low-income students. Schools where at least 40% of pupils qualify as low-income can use these funds for schoolwide improvements.

Spending varied widely across states in 2022-23. Four states and the District of Columbia spent over $25,000 per student on average. Meanwhile, Idaho and Utah spent less than $11,000 per pupil. The 2022-23 school year reflected ongoing growth in U.S. education funding. Federal contributions expanded, particularly through targeted programs for low-income and disabled students. Despite national averages, spending differences between states remained significant.

Read also:

Latest