Matt Yglesias has an interesting chart in this post. The chart shows that student achievement does not closely correlate with spending per student.
Obviously, there are other factors which are important. Spending is a part of the solution but is not the solution in itself.
For instance, this article in the Boston Globe caught my eye.
The sprawling Wake County School District has long been a rarity. Some of its best, most diverse schools are in the poorest sections of this capital city. And its suburban schools, rather than being exclusive enclaves, include children whose parents cannot afford a house in the neighborhood.
Not in the article but from other sources, ...
... polls show over 96% of parents in the Wake County system were happy with the education their child was receiving.
Go figure what is going on here. Click here to read on!