Merits, downsides, school choice programs
In 2015-16, the United States spent over $660 billion on its public education system in hopes of providing children with greater opportunities to excel academically and to improve their life trajectories. While public education dollars have risen at a relatively fast pace historically, future challenges, including underfunded pension liabilities, suggest policymakers should economize wherever possible. Meanwhile, the number of public charter schools has increased exponentially. From 1991 to 2018, charter school legislation passed in 44 states and the nation’s capital, and student enrollment in charters increased to around 3.2 million.
DeAngelis, Corey A.; Wolf, Patrick J.; Maloney, Larry D.; and May, Jay F., "A Good Investment: The Updated Productivity of Public Charter Schools in Eight U.S. Cities" (2019). School Choice Demonstration Project. 79.