Education revenues fell sharply after 2008 (and did not return to pre-recession levels for about eight years): Change in per-student revenue relative to 2007–2008, by source (inflation adjusted)
|Total (state, local, and federal)||Federal||State||Local||Local property taxes|
Note: The chart shows change in revenue per student for public elementary and secondary schools compared with 2007–2008. Amounts are in 2019–2020 dollars and rounded to the closest $10 using the consumer price index from the Bureau of Labor Statistics (BLS-CPI 2021). The Local line is all local sources, including property tax revenues.
Source: National Center for Education Statistics’ Digest of Education Statistics (NCES 2020a).