The short answer is no,as this chart shows.[read_more]
Go to this article to read more on the lack of co-relation between public school spending and SAT scores, including state by state school expenses with comparisons to SAT scores over a 40 year period from 1972 to 2012. Virginia’s spending has increased by over 100% in inflation adjusted dollars and the SAT scores have decreased 3%. (See figure 47.) Other states are worse. New Hampshire has increased their educational spending by 200% and their SAT scores have gone down by over 5%. (Figure 30.)
Decades of increased taxpayer spending per student in U.S. public schools has not improved student or school outcomes from that education, and a new study finds that throwing money at the system is simply not tied to academic improvements.
The study from the CATO Institute shows that American student performance has remained poor, and has actually declined in mathematics and verbal skills, despite per-student spending tripling nationwide over the same 40-year period.
The takeaway from this study is that what we’ve done over the past 40 years hasn’t worked,” Andrew Coulson, director of the Center For Educational Freedom at the CATO Institute, told Watchdog.org. “The average performance change nationwide has declined 3 percent in mathematical and verbal skills. Moreover, there’s been no relationship, effectively, between spending and academic outcomes.” (emphasis mine)
More of our tax dollars spent on public education every year while education in America continues to decline.