Return on Educational Investment: 2014 | Center for American Progress - 0 views
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ROI CAP Center for American Progress educational productivity

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In 2011, the Center of American Progress released the first-ever attempt to evaluate the productivity of almost every major school district in the country.
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We embarked on this second evaluation for a number of reasons. In many areas, education leaders continue to face difficult budget choices,
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We believe that if our education system had a more robust way of tracking expenditures, it could do more to increase productivity.
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We continue to believe, for instance, that school vouchers do not further the cause of public education.
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The bottom line is that we believe policymakers and educators need to focus on what works in education and scale up those practices.
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The lowest productivity school districts serve about 3 percent of the more than 41 million students covered by our study.
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Only a few states, such as Rhode Island, currently take a weighted-student funding based approach to education, where money is distributed to schools based on student need.
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Some policymakers are taking on the issue of productivity, however, and some states, such as New York and Virginia, have taken smart capacity-building approaches.
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Key expenditure-related definitions vary, and while almost every state now has a common chart of accounts a type of budget dictionary the specifics are not comparable across states.
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States should build capacity for productivity gains through targeted grants, assistance teams, and performance metrics.
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recommend that states build technical assistance teams that assist districts in increasing productivity.
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Educators can do a lot within their communities to make accounting and budgets more transparent and actionable.
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Something similar should be done within the fiscal space, with states coming together to develop more rigorous budgeting procedures.
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Specifically, we recommend weighted student funding, which has the potential to both solve equity and efficacy issues with current school funding approaches.