In fiscal year 2019, the U.S. had its largest annual increase in public education spending since 2008. During this year, the U.S. spent $752.3 billion on its 48 million children in public schools, which was a 4.7% increase from fiscal year 2018. Total public education revenue also increased by 4.5% from fiscal year 2018. In fiscal year 2019, state governments were the largest source of school revenue for the year, contributing 46.7% ($350.9 billion) of funding to public school system. Local sources of revenue were the next largest at $342.9 billion (45 . . .