I'm on an education kick this week. I came across a study that purports to measure educational productivity. The authors acknowledge that it's not easy to conduct such a study. The variables are very many. However, being intellectuals affiliated with the Center for American Progress, they were willing to spend a year looking at most of the school districts in the country.
I think that their most important "finding" was that it matters more how money is spent rather than how much money is spent. There are a raft of charts that rate the school districts. You may find it interesting.
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