Economic Analysis and Reports

Education Funding Model

This analysis is in response to a request by the Governor, President of the Senate, and Speaker of the House of Representatives for Revenue and Fiscal Affairs to develop a funding model for education. 

Click here for second letter (September 16, 2019)

Click here for request letter (January 17, 2019)


Education Funding Report – October 3, 2019

This report focuses on the formula, assumptions, and funding options in the new Education Funding Model.  The premise of the model is that students drive the need for services, and different students may require different services. Please see the report above for additional information. (See below for additional files and resources)


All comments from interested parties are welcomed and may be emailed to  While this report attempts to identify data and policy issues for follow-up, any comments to improve or guide this analysis are especially welcomed.  Please note that all correspondence is considered public information.



This analysis is based upon the data included in the Statement of Expenditures and Revenues published by the Department of Education. Any errors or omissions in the data may affect this analysis.  Please report any corrections to RFA by email to



Presentation to South Carolina Association of School Business Officials on March 6, 2020

New   Education Funding Model: Defining Services, Estimating Costs, Allocating Funding, Providing Flexibility, & Measuring Accountability (pdf)


Presentation to the Senate Education Funding Reform Study Committee on January 8, 2020

Model Distribution for Full EFA Funding (pdf)

Assessed Value Percentages by School District (pdf)

Assessed Value by Classification of Property by County  (pdf)

Regular District Student Count History since 1984-54 (pdf)


Presentation to the Senate Education Funding Reform Study Committee on October 29, 2019

Education Funding Report - Summary of October 3, 2019 Report  (pdf)

Education Funding Report - May 9, 2019

The first report on May 9th presents data and issues regarding the eleven items listed in the request.    


Education Funding Report - May 9, 2019 - Additional Files

Education Funding Model Status Report Presentation (PDF) 

(Rev. 6/11/2019)


Report 1 - Total Expenditures Per Pupil by District (PDF)

Report 2 - Basic Program Per Pupil By District (PDF)

Excel File

(Rev. 5/13/2019)

Guide to the Excel File (PDF)


Expenditure Crosswalk to In$ite: Exp. Codes (PDF)

Revenue Code List: Rev. Codes (PDF)



Older Version 

Public Education Funding Analysis FY 2015-16 

Presentation (PDF)

FY 2015-16 Education Funding Analysis by District (PDF)

Excel Version