How much education funding should go directly to classrooms?
Patrick Byrne, of Overstock.com, is one of America’s young philosopher CEOs and a man with eccentric ideas: The Stanford-educated executive has biked cross country four times, turned a flea-market supply company into a major Internet player, and founded Worldstock.com, aimed at eradicating global poverty. One of Mr. Byrne’s latest groundbreaking ideas is how to tackle school funding reform. “The public debate over school spending is typically over more or less,” he says. “The real debate should be: What are we spending it on?” His organization, First Class Education, aims for all 50 states and the District of Columbia to reallocate school spending so that at least 65 cents on every dollar goes directly into the classroom – on books and teacher pay – by the end of 2008. The concept is taking hold: The “65 percent solution” has already swept through state capitol domes in Texas, Kansas, and Louisiana. Earlier this month, Georgia Gov. Sonny Perdue (R) introduced legislation, joining 17 ot
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