Revenues and Expenditures for Public Elementary and Secondary Education: School Year 2015–16 (Fiscal Year 2016)
Revenues and expenditures increased in public K-12 education for the third consecutive school year in 2015–16 (Fiscal Year 2016).
A new report from the National Center for Education Statistics (NCES) provides information about State-level revenues and expenditures in the nation’s public K-12 education system for school year 2015-16. The report uses data from the FY 16 provisional National Public Education Financial Survey data file that state education agencies in all 50 states and the District of Columbia submit to NCES each year.
Total revenues increased by 4 percent from Fiscal Year (FY) 15 to FY 16, local revenues increased by 3.7 percent, state revenues increased by 4.9 percent, and federal revenues slightly increased by 1.1 percent, after adjusting for inflation.