Nearly half of K-12 education funding comes from property tax revenue which is an economically stable source of funding for schools—but one that is historically racist and exclusionary. Property wealth in the United States is inextricably tied to the country’s history of the displacement of indigenous populations, slavery, segregation, exclusionary zoning, and redlining.
To this day, longstanding injustices around property ownership may be perpetuated in the inequitable allocation of educational resources to Black, Hispanic, and low-income students. State budgets attempt to close these gaps with supplemental state-aid to school districts, but nearly every state falls short of making up for the disproportionate benefits of communities with lucrative property-tax bases. We believe the country must address inequities in local property wealth in order to fix the most broken parts of our education system.
From the classroom to central office—one process at a time.
Allovue was founded in 2013 by a former middle school teacher who saw first-hand how budgeting impacts student success. Our founding team brought together inspired professionals with backgrounds in education, product, and marketing to build innovative education finance technology (EdFinTech). We strive to prioritize diversity, equity, inclusion, and anti-racism. This commitment is reflected in our recruitment, hiring and compensation practices, software development, and the educational resources that we share with the world.
EdFinTech connects education, finance, and technology to meet the needs of education decision-makers. We’re building EdFinTech solutions because we believe that effective resource allocation is directly correlated with student success. Today, Allovue works with districts and state departments of education across the country to create solutions for financial operations so that every dollar can work for every student. We’re pushing toward the future where administrative work is well-orchestrated across finance, human resources, and operations teams.
We focus on the necessary and eliminate clutter in both our processes and our products.
We use judgment when we prioritize and communicate with each other and our customers, and when considering how, when, and with whom to share information.
We believe that proposals are greater than critiques. We love ideas for improvement. We love action towards improvement even more.
We go fast. We take pride in being nimble and work as speedily as possible without sacrificing quality.
We leverage each other’s strengths and work together to ensure our customers receive the best product and services possible.
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