The best thing you can do to financially support your child’s education is spend money.
One of the common questions we hear is, “What percent of my sales tax goes to fund education?” There is no actual way to clearly answer that question. The majority of your sales taxes go into the state’s general fund. Essentially, this is a big pile of tax money: sales tax, income tax, licensing fees – that sort of thing. Once it’s collected, it’s then divided and spent on nearly everything for which the state pays money: education, road repairs, salaries, etc. All told, K-12 education spending accounts for about half of the general fund budget.