100% Solution

The Thomas Fordham Foundation has a new school funding plan they are calling the 100% Solution. This plan uses a weighted student funding formula to supposedly put more money into the kids that need it the most while allowing them school choice at the same time. I will be looking at this proposal more later. Here are the links below so you can research it as well.

Here are some of the supporters of this solution (See more here):


          

* The Honorable William J. Bennett, Former U.S. Secretary of Education; Washington Fellow, Claremont Institute
* The Honorable John Engler, Former Governor of Michigan; President & CEO of National Association of Manufacturers
* The Honorable Bill Goodling, Former Chairman, Committee on Education and Workforce, U.S. House of Representatives
* The Honorable Shirley Hufstedler, Former U.S. Secretary of Education; Senior Counsel, Morrison & Foerster
* The Honorable James B. Hunt, Jr., Former Governor of North Carolina; Chairman, James B. Hunt, Jr. Institute
* The Honorable Paul O’Neill, Former U.S. Secretary of Treasury; former chairman & CEO of Alcoa; Special Advisor & Consultant, Blackstone Group
* The Honorable Rod Paige, Former U.S Secretary of Education; Chairman of Chartwell Education Group
* The Honorable John Podesta , Former Chief of Staff to President William J. Clinton; President, Center for American Progress

In addition to this there is an article by Rod Paige, Former Secretary of Education, explaining why the 65% solution is bad. (65% Solution Website)


          

Proponents argue that this will counter wasteful spending and runaway school “overhead,” and they have convinced many voters — a Harris poll last fall put national support at more than 70 percent. Four states — Georgia, Kansas, Louisiana and Texas — have adopted 65 percent mandates and at least six more are seriously considering them.

The only drawback is that such laws won’t actually make schools any better, and could make them worse. Yes, it’s true that education financing is a mess and that billions are wasted every year. But the 65 percent solution won’t help. The most likely outcome is that school officials will learn the art of creative accounting in order to increase the percentage of money that can be deemed “classroom” expenses.

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