School Funding Formula

A school funding formula is a method used by governments to allocate money to public schools. It takes into account various factors like the number of students, their specific needs (such as students from low-income families or those with disabilities), and local property tax revenues. The goal is to ensure that funding is distributed fairly so that all students have access to quality education, regardless of their background or where they live. Adjustments in the formula can aim to address inequalities and support schools that need more resources to provide adequate educational opportunities.