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U.S. & State Elementary-Secondary Education Revenue & Expenditures: FY 2010
Perspectives. In 2012, Apple exceeded a $500 billion market capitalization. It joined the ranks of only a few other companies to become so large. The U.S. annual expenditure for public elementary-secondary education far exceeds creating a business of this size every year. In FY 2010, based on per capita data, each U.S. resident invested almost $2,000 in U.S. public elementary-secondary education. This level of investment occurs every year. In SY 2010-11, there were approximately 3.4 million students enrolled in 12th grade public schools. Assuming these students all graduated, the annual cost per high school graduated student would be $176,765. This might be viewed as the annualized cost to graduate each student from the public K-12 education pipeline. FY 2010 Revenue & Expenditures. Nationally, states and D.C. reported $592.9 billion in revenues collected for public elementary and secondary education in fiscal year 2010. State and local governments accounted for $518.9 billion of all revenues and the federal government accounted for $74.0 billion of all revenues. Total expenditures for public elementary and secondary education in fiscal year 2010 were $601.9 billion. Current expenditures totaled $523.3 billion. Expenditures for instruction accounted for $317.2 billion, total support services accounted for $178.9 billion. Current expenditures per pupil for public elementary and secondary education were $10,383 on a national level in FY2010, ranging from $6,173 in Utah to $18,667 in D.C. Use the interactive ranking table presented below to examine characteristics of revenue and expenditures by state and the U.S. overall. The table shows revenues and expenditures by several categories as totals/aggregates, on a per pupil basis and on a percentage basis. See list of all items/columns in scroll box below table. Aggregate revenues and expenditures in millions of dollars. U.S. by State Elementary-Secondary Education Revenue & Expenditure Patterns Use mouse-over on header column to view extended item/column name. Click on a column header to sort on that column; click again to sort in other direction. Related ranking tables: http://proximityone.com/rankingtables.htm. Column Headers
Scope of Data These data are based on the FY 2010 survey of public elementary and secondary education systems, mostly school districts, conducted by the Census Bureau under sponsorship of the U.S. Department of Education. Enrollment data are based on data reported by school districts and state education agencies for the 2009-10 school year. Total revenue/expenditure data shown in the ranking table are in thousands of dollars. Financial data are shown on cash basis. In many cases financial data will differ from financial data reported by school districts due to wide-ranging different accounting procedures used district to district. Data shown in the ranking table use standardized accounting categories across all districts except as described in supplemental notes (not shown in this section). Data for independent charter school districts, state operated schools and federally operated schools are not included in these data. Additional Information Proximity develops geographic-demographic-economic data and analytical tools and helps organizations knit together and use diverse data in a decision-making and analytical framework. We develop custom demographic/economic estimates and projections, develop geographic and geocoded address files, and assist with impact and geospatial analyses. Wide-ranging organizations use our tools (software, data, methodologies) to analyze their own data integrated with other data. |
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