Policymakers, elected officials, educators, parents and advocates are currently engaged in long-overdue dialogue about how to improve our nation's public schools. Unfortunately, when it comes to school funding, the conversation is framed by recurring, but outmoded, adages: "Does money matter?" or "Can we do more with less?" or "Our state already…

Building a more accurate, reliable and consistent method of analyzing how states fund public education starts with a critical question: What is fair school funding? In this report, "fair" school funding is defined as a state finance system that ensures equal educational opportunity by providing a sufficient level of funding distributed to…