Examining school spending and student achievement as measured by the Massachusetts Educational Assessment Program tests on a community-by-community basis indicates that high spending in and of itself does not ensure achievement. While every community must have adequate funding to deliver an acceptable level of education services, there is a wide variation in achievement in similar communities with similar spending. The data suggest that other factors influence outcomes at least as much as spending.
Gaudet, Robert D.
"The Impact of School Spending on Student Achievement: Results of MEAP Statewide Tests,"
New England Journal of Public Policy: Vol. 10
, Article 3.
Available at: http://scholarworks.umb.edu/nejpp/vol10/iss1/3