School Capital Expenditure Rules and Distribution

Barbara Biasi, Julien Lafortune and David Schönholzer

AEA Papers and Proceedings, 2021, vol. 111, 450-54

Abstract: We provide descriptive evidence on the level and within-state distribution of school capital expenditures over the past two decades. We relate these to the fiscal institutions governing capital funding across states. Within-state differences in capital expenditures between the highest- and lowest-income school districts fell considerably following the Great Recession. Spending declined in the highest-income districts, while state support for low-income districts remained stable. Suggestive evidence points to the importance of constraints on districts' ability to raise local funding and the structure of state support in explaining these differences and trends over time.

JEL-codes: H72 H75 I28 R51 R53 (search for similar items in EconPapers)
Date: 2021
References: Add references at CitEc
Citations: View citations in EconPapers (2)

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DOI: 10.1257/pandp.20211040

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