Arthur Peng and James Guthrie of Vanderbilt University debunk the myth that public schools are underfunded:

[P]er pupil spending has increased in every year for the last century, even when controlled for inflation. (There have been small exceptions, such as during the Great Depression and the early years of the Reagan Administration.) Otherwise, the climb in adjusted per pupil spending has been steady, and even the above-noted plateaus did not involve decreased spending.

[little snip]

The ready availability of money has enabled school districts vastly to increase their supply of professional employees.

Access Peng and Guthrie’s full article here.

H/T: Joanne Jacobs