Date:27.08.2016, 03:00 In the following brief, I discuss major studies on three specific topics: (a) whether how much money schools spend matters; (b) whether specific schooling resources that cost money matter; and (c) whether substantive and sustained state school finance reforms matter. While money alone may not be the answer, more equitable and adequate allocation of financial inputs to schooling provide a necessary underlying condition for improving the equity and adequacy of outcomes. But, on balance, in direct tests of the relationship between financial resources and student outcomes, money matters. Do schooling resources that cost money matter? Yes. Schooling resources that cost money, including smaller class sizes, additional supports, early childhood programs and more competitive teacher compensation (permitting schools and districts to recruit and retain a higher-quality teacher workforce are positively associated with student. On, Julia Gillard, the then Minister for Education, announced a review of school funding arrangements to commence in 2010 and conclude in 2011. This is the first time since 1973 that funding arrangements for all schools have been reviewed.
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