Under a new federal fiscal transparency rule, many principals will be clamoring for more control over their budgets. Are they ready for it? A growing number of school finance scholars say principals should be left to manage their school's budgets since they're closest to the classroom, know best what resources their schools need and how much their teachers should be paid. But crafting a budget takes time, skill and a certain type of finance savvy that many say principals aren't trained for.
Other Resources / Information
- Learn how much principals currently know about the amount of money spent on their schools.
- Learn about the experiences principals have had in attempting to manage their own budgets.
- Learn what prevents districts from letting principals decide what to spend their money on.
- Daarel Burnette, State Finance Reporter, Education Week
Daarel Burnette, School Finance Reporter, Education Week
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