NCES just released a finance tables report, Revenues and Expenditures for Public Elementary and Secondary Education: FY19 (NCES 2021-302), which draws from data in the National Public Education Financial Survey (NPEFS). The results show that spending1 on elementary and secondary education increased in school year 2018–19 (fiscal year [FY] 2019), after adjusting for inflation. This is the sixth consecutive year that year-over-year education spending increased since 2012–13. This increase follows declines in year-over-year spending for the prior 4 years (2009–10 to 2012–13).
Current expenditures per pupil2 for the day-to-day operation of public elementary and secondary schools rose to $13,187 in FY19, an increase of 2.1 percent from FY18, after adjusting for inflation (figure 1).3 Current expenditures per pupil also increased over the previous year in FY18 (by 0.9 percent), in FY17 (by 1.7 percent), in FY16 (by 2.8 percent), in FY15 (by 2.7 percent), and in FY14 (by 1.2 percent). In FY19, education spending was 11.8 percent higher than the lowest point of the Great Recession in FY13 and 6.1 percent higher than spending prior to the Great Recession in FY10.
Figure 1. National inflation-adjusted current expenditures per pupil for public elementary and secondary school districts: FY10 through FY19
NOTE: Spending is reported in constant FY19 dollars, based on the Consumer Price Index (CPI).
SOURCE: U.S. Department of Education, National Center for Education Statistics, Common Core of Data (CCD), "National Public Education Financial Survey," fiscal years 2010 through 2018 Final Version 2a; and fiscal year 2019, Provisional Version 1a; and Digest of Education Statistics 2019, retrieved January 8, 2021, from https://nces.ed.gov/programs/digest/d19/tables/dt19_106.70.asp.
Without adjusting for geographic cost differences, current expenditures per pupil ranged from $7,950 in Utah to $24,882 in New York (figure 2). In addition to New York, current expenditures per pupil were highest in the District of Columbia ($22,831), New Jersey ($21,331), Vermont ($21,217), and Connecticut ($21,140). In addition to Utah, current expenditures per pupil were lowest in Idaho ($8,043), Arizona ($8,773), Nevada ($9,126), and Oklahoma ($9,203).
Figure 2. Current expenditures per pupil for public elementary and secondary education, by state: FY19
NOTE: These data are not adjusted for geographic cost differences.
SOURCE: U.S. Department of Education, National Center for Education Statistics, Common Core of Data (CCD), “National Public Education Financial Survey (NPEFS),” FY19, Provisional Version 1a and “State Nonfiscal Survey of Public Elementary/Secondary Education,” school year 2018–19, Provisional Version 1a.
These new NPEFS data offer researchers extensive opportunities to investigate state and national patterns of revenues and expenditures. Explore the report and learn more.
 Spending refers to current expenditures. Current expenditures comprise expenditures for the day-to-day operation of schools and school districts for public elementary/secondary education, including expenditures for staff salaries and benefits, supplies, and purchased services. Current expenditures include instruction, instruction-related support services (e.g., social work, health, psychological services), and other elementary/secondary current expenditures but exclude expenditures on capital outlay, other programs, and interest on long-term debt.
 Per pupil expenditures are calculated using student membership derived from the State Nonfiscal Survey of Public Elementary/Secondary Education. In some states, adjustments are made to ensure consistency between membership and reported fiscal data. More information on these adjustments can be found in the data file documentation at https://nces.ed.gov/ccd/files.asp.
 In order to compare spending from one year to the next, expenditures are converted to constant dollars, which adjusts figures for inflation. Inflation adjustments utilize the Consumer Price Index (CPI) published by the U.S. Department of Labor, Bureau of Labor Statistics. For comparability to fiscal education data, NCES adjusts the CPI from a calendar year to a school fiscal year basis (July through June). See Digest of Education Statistics 2019, table 106.70, retrieved January 8, 2021, from https://nces.ed.gov/programs/digest/d19/tables/dt19_106.70.asp.
By Stephen Q. Cornman NCES; Lei Zhou, Activate Research; and Malia Howell, U.S. Census Bureau