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 | |
|---|---|---|---|---|---|
| 2007/2008 | $0 | 0 | 0 | 0 | 0 |
| 2008/2009 | -10 | 200 | -250 | 30 | 160 |
| 2009/2010 | -90 | 650 | -750 | 10 | 220 |
| 2010/2011 | -220 | 600 | -700 | -120 | 130 |
| 2011/2012 | -780 | 210 | -830 | -160 | 80 |
| 2012/2013 | -940 | 70 | -870 | -140 | 110 |
| 2013/2014 | -780 | 10 | -660 | -140 | 120 |
| 2014/2015 | -430 | 10 | -460 | 20 | 250 |
| 2015/2016 | 90 | 20 | -170 | 230 | 450 |
| 2016/2017 | 360 | 20 | -20 | 360 | 570 |
| 2017/2018 | 620 | 0 | 70 | 550 | 660 |
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).