Caleb B. Varner - Honors in Economics
An Analysis of Local Finance Implications on Educational Attainment in Virginia


Since the one-room schoolhouse days, there has been much attention given to the school systems of our nation. The American Dream is based on working hard, getting educated, and being successful. Since the early 1900s, there has been a constant drive to increase the quality of schools in this country. The United States has continued to have exceptional schools and produce talented young thinkers. However, in search of a more responsive and efficient way of education the people of this nation, we began to analyze what makes good students and good school systems. The idea was to find a process in which decisions on education could be made that would prove to be rational and just. This paper concurs with much of the broader literature on the subject and finds that student outcome is not a function of increased funding.