school Finance

Education finance refers to governmental and organizational processes by which revenues are generated
(through taxation, tuition, fees, and philanthropy), distributed, and expended for the operational and
capital support of formal schooling. Scholars and professionals knowledgeable regarding economics,
public finance, school finance, budgeting, management, accounting, education law, and
intergovernmental relations typically participate in this field. Education financing should not be
considered exclusively as a technical field dominated by matters of arcane financial formulas and budget
categories. Rather, it also involves public policy issues at the dynamic core of any society regarding
equity, efficiency, and freedom of choice.