4th Edition

American Public School Finance

By William A. Owings, Leslie S. Kaplan Copyright 2026
392 Pages 22 B/W Illustrations
by Routledge

392 Pages 22 B/W Illustrations
by Routledge

392 Pages 22 B/W Illustrations
by Routledge

Designed for aspiring school leaders, this fully updated fourth edition presents the realities of school finance policy and issues, as well as the tools for formulating and managing school budgets. In an era of dwindling fiscal support for public schools, increasing federal mandates, and additional local budget requirements, educational leaders must be able to articulate sound finance theory and... Read more

1. Misconceptions About School Finance  2. History of School Finance in the United States  3. The Legal Framework for Financing Public Education  4. Education as an Investment in Human Capital  5. Taxation Issues  6. Fiscal Capacity and Fiscal Effort  7. Equity, Adequacy, and Efficiency  8. The Structure of School Finance Systems  9. Demographics and School Finance  10. Budgeting: Applying Policy Values  11. Spending and Student Achievement  12. Critical and Emerging School Finance Issues  

Biography

William A. Owings is late Professor Emeritus of Educational Leadership at Old Dominion University, USA, and has been a teacher, principal, assistant superintendent, and superintendent of schools. In 2023, the National Education Finance Academy honored him with the Lifetime Achievement Award.

Leslie S. Kaplan is a retired school and district-level administrator and a full-time education writer. Kaplan is a former Adjunct Professor of Educational Leadership at Old Dominion University, USA, and she served over two decades on the National Association for Secondary School Principals Bulletin Editorial Board.