Context: Given the growing popularity of the portfolio management model (PMM) as a method of improving education, it is important to examine how these market-based reforms are sustained over time and how the politics of sustaining this model have substantial policy implications. Purpose of Study: The purpose of this article is to examine important…

This report is the third in a series by the Local Control Funding Formula Research Collaborative (LCFFRC). This research seeks to help policymakers and others better understand ways in which the LCFF is changing fundamental aspects of resource allocation and governance and how these changes might lead to improved student outcomes. The work is…