Hacker News new | ask | show | jobs
by bombcar 981 days ago
> In 2021, state and local governments in the United States collected about 630.21 billion U.S. dollars via property taxes.

> In FY 2023, the Department of Education (ED) had $271.01 Billion distributed among its 10 sub-components.

Maybe they just burn that quarter trillion, but I suspect it ends up in the districts eventually.

1 comments

Here is a good breakdown of funding in CA:

https://peecs.net/2021/03/10/how-are-california-school-budge...

So federal is...7%?

The problem is that federal grants often go through the state, so some percentage of "state" may source from the feds.

Of course it's all academic in a way, because money is fungible.

The table implies funding origins via taxes (local vs. state taxes, for example). I don't think any ED money is going to CA first before going to the districts. CA is also a special case where more funding is state level (due to Prop 13).