The Adequacy and Fairness of State School Finance Systems
Key Findings from the School Finance Indicators Database
This is the annual report of the School Finance Indicators Database (SFID) project. The report presents the latest results from three key measures included in our State Indicators Database: effort, statewide adequacy, and equal opportunity. Below you will find links to current and past editions of the report and accompanying materials.
Latest News
UPDATED ANNUAL REPORT, PROFILES, AND DATASETS AVAILABLE
February 2026: Read the eighth edition of our annual report, view your state’s one-page finance profile, use our data visualizations, or download the full state-level dataset.
Latest Annual Report
The Adequacy and Fairness of State School Finance Systems (8th edition)
The eighth edition of our annual report presenting findings on effort, statewide adequacy, and equal opportunity in state school finance systems. Published February 2026.
Latest Research Briefs
State School Finance System Profiles (2022-23 school year)
One-page profiles summarizing the key results on effort, statewide adequacy, and equal opportunity for all 50 states and D.C. View your state’s profile. Published February 2026.











