Money and Schools: 7th Edition (Paperback) book cover

Money and Schools

7th Edition

By R. Craig Wood, David C. Thompson, Faith E. Crampton


368 pages

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Paperback: 9781138327665
pub: 2019-05-21
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Money and Schools explains and demonstrates the relationship between money and equality of educational opportunity in a way that is clear, precise, and engaging. Grounded in research and best practices, this book provides a broad overview of school finance, budgeting, and resource allocation, an understanding of the underlying economic, social, legal, and political principles that drive how schools are funded, as well as a detailed examination of day-to-day funding operations. Rich pedagogical features include chapter opening challenges, chapter drivers, point/counterpoint discussions, case studies, and recommended resources. This accessible and engaging book offers strong connections to real-world experiences and detailed information on pre-K–12 funding history, concepts, and current operations for both aspiring and experienced education leaders in school budgeting, finance, and resource management courses.

New to this edition:

  • Coverage of environmental sustainability and other emerging trends in this unprecedented uncertainty of schools' economic and social environment.
  • Updates to references and overall funding changes since the previous edition.
  • Revised end-of-chapter activities and additional resources that are aligned with the key concepts and content of each chapter.
  • Updated supplemental downloads, including editable PowerPoints.

Table of Contents


About the Authors



Part I: Overview of Broad Concepts

Chapter 1 Schools, Values, and Money

Chapter 2 Funding Schools: A Policy Perspective 

Chapter 3 Basic Funding Structures

Part II: Operationalizing School Money

Chapter 4 School Funds: Accountability, Performance and Professionalism

Chapter 5 Budget Planning

Chapter 6 Budgeting for Human Resources

Chapter 7 Budgeting for Instruction

Chapter 8 Budgeting for Student Activities

Chapter 9 Budgeting for School Infrastructure

Chapter 10 Budgeting for Transportation and Food Services

Chapter 11 Budgeting for Legal Liability and Risk Management

Part III: A View of the Future

Chapter 12 Trends and the Future of School Funding

About the Authors

R. Craig Wood is Professor of Educational Administration and Policy at the University of Florida, USA.

David C. Thompson is the Skeen Endowed Chair in Education and Professor and Department Head of Educational Leadership at Kansas State University, USA.

Faith E. Crampton is President and CEO of Crampton & Associates, an education consulting firm, who retired as Associate Professor of Education Finance and Policy at the University of Wisconsin-Milwaukee, USA.

Subject Categories

BISAC Subject Codes/Headings:
EDUCATION / Leadership


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