From the Executive Summary: Using industry standards adapted to K–12 public school facilities, we estimate that the nation should be spending about $145 billion per year to maintain, operate, and renew facilities so that they
provide healthy and safe 21st century learning environments for all children. Applying a
3 percent of current replacement value (CRV) standard for M&O, districts need to spend $58 billion
annually to maintain and operate the 2014 inventory of public school facilities so they are clean and
in good working order. On the capital side, the nation should be spending an estimated $77 billion
per year (4 percent of CRV) to regularly upgrade existing facilities’ systems, components, fixtures,
equipment, and finishes as they reach the end of their anticipated life expectancy; systematically
reduce the backlog of deferred maintenance that has accumulated; and alter existing facilities to
respond to changing educational requirements. In addition, projections suggest at least another
$10 billion per year is needed for new construction to accommodate growing enrollments over the
coming decade. That brings the total annual facilities requirements to $145 billion per year.
©2016 by the 21st Century School Fund, Inc.
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