School spending is increasing in the US; here are the standouts

Teachers have a huge impact on children's education.

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So does school funding, which is increasing across the board. Financing for public elementary and secondary schools rose rom $671 billion in 2016 to $694 billion in 2017, the most recent year of data available, according to a recent analysis by HeyTutor, a website that helps students find tutors.

But the amount of money that goes to schools is still largely determined by the communities where they’re located. The analysis found that the vast majority of education revenue comes from state and local sources, and a much smaller amount comes from the federal government. Local property taxes accounted for $203 billion of elementary and secondary education funding in 2017.

So what do students get when their schools are better funded? In 2015, a study by The Quarterly Journal of Economics found increased per-pupil spending led to more years of completed education and higher wages.

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Hey Tutor's analysis also looked at per-pupil funding by state. Generally, states in the Northeast tend to spend more than those in the West or the South. Following are the ones shelling out the most:

10. Pennsylvania

The skyline of Lancaster, Pennsylvania, in the state's south central region. (iStock)

Total spending per student: $15,798

Total spending: $27.51 billion

9. Rhode Island

People listen to music at the Newport Folk Festival in Newport, Rhode Island. REUTERS/Shannon Stapleton 

Total spending per student: $15,943

Total spending: $2.31 billion

8. Massachusetts

Morning view of Quincy Market, across from the Great Hall of Faneuil Square in Boston.

Total spending per student: $16,197

Total spending: $16.11 billion

7. Wyoming

Morning sun hits the Grand Tetons in Grand Teton National Park. REUTERS/Price Chambers

Total spending per student: $16,537

Total spending: $1.56 billion

6. Alaska

Kristy Berington's dogs cool off with their tongues out during the official restart of the Iditarod dog sled race in Willow, Alaska. REUTERS/Nathaniel Wilder 

Total spending per student: $17,838

Total spending: $2.38 billion

5. Vermont

Autumn in rural Peacham, Vermont.

Total spending per student: $18,290

Total spending: $1.69 billion

4. New Jersey

People bike past villas in Cape May, New Jersey.

Total spending per student: $18,920

Total spending: $27.45 billion

3. Connecticut

Stamford, a city in Fairfield County, Connecticut, has a population of 125,109, making it the third-largest in the state.  (iStock)

Total spending per student: $19,322

Total spending: $9.92 billion

2. District of Columbia

Banners hang at the entrance to the National Museum of Natural History in Washington, D.C.

Total spending per student: $21,974

Total spending: $1.15 billion

1.  New York

A helicopter comes in for a landing at the 30th Street heliport in New York City. (Photo by Gary Hershorn, Getty Images)

Total spending per student: $23,091

Total spending: $63.62 billion

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