U.S. School Revenue Dropped in 2012 for First Time in 35 Years

Public elementary and secondary schools saw annual revenue decline $5 billion in 2012, the first drop since 1977, according to a U.S. Census Bureau report.

Total expenditures fell for a third consecutive year, to $594 billion, a drop of $2.5 billion, according to the study of the 50 states and the District of Columbia issued today in Washington.

New York was the top spender, at $19,552 per pupil. The District of Columbia, Alaska, New Jersey and Connecticut rounded out the top five.

The states spending the least per pupil were Utah, at $6,206, followed by Idaho, Oklahoma, Arizona and Mississippi.

State governments were the leading source of support for public schools, with $270 billion provided in 2012. Local taxes followed closely at $265 billion, the report said.

To contact the reporter on this story: Tim Jones in Chicago at tjones58@bloomberg.net

To contact the editors responsible for this story: Stephen Merelman at smerelman@bloomberg.net Stacie Sherman

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.