Impact of Student-Based Budgeting in Chicago Public Schools
Abstract: Over the past 20 years, U.S. school districts have increasingly adopted funding models that aim to allocate money to schools based on individual student need. One such approach—weighted student funding—apportions funds to schools based on a combination of total enrollment and the characteristics of the students they serve. Chicago Public Schools (CPS) adopted such a funding model, known as student-based budgeting (SBB), beginning with the 2013–14 school year.
Provider: Federal Reserve Bank of Chicago
Publication Date: 2023-09-28