What does "hard money" refer to in the context of school funding?

In the context of school funding, "hard money" refers to funding that is consistently available each year, providing a stable financial resource for schools. This type of funding often comes from established sources such as state or federal allocations that schools can reliably count on in their budgets. Having access to hard money is crucial for school leaders as it allows for long-term planning and the implementation of programs and initiatives without the uncertainty that comes with variable funding streams.

Understanding the concept of hard money is important for school leaders who must manage resources effectively and plan for the future, ensuring that essential educational services and programs can continue without disruption. In contrast to hard money, other types of funding may fluctuate or depend on specific conditions, making them less reliable as a primary funding source for ongoing operational needs.