The latest 50-state K-12 spending/revenue data

The Institute of Education Sciences publishes annual data on how much taxpayer money is being raised and spent by education systems nationwide. The bad news is that the data are from FY 2022 but we are almost in FY 2025 (it starts on July 1). So, the information below is a bit out of date especially for New Mexico where education spending has exploded (as the student population has declined).

But, it does show that New Mexico’s education system has more resources available to it than that of any of its neighbors. And, of course we already know that New Mexico is dead last in education outcomes.