On January 12, 1965, Carl D. Perkins (D-KY), chair of the General Education Subcommittee of the House Committee on Education and Labor, introduced H.R. 2362, an administration backed education bill. It specified a federal funding formula based on half of a state’s expenditure per pupil times the number of children from families with an annual income below $2,000. This chart is an initial estimate of how education funds would be allocated by state and by program and was carefully studied by the subcommittee. The subcommittee reported the bill with the funding mechanism intact, and the full committee, despite much criticism of the funding formula, retained it when it voted 23 to 8 to report the bill on March 2, 1965.

United States. Congress. Senate. Committee on Labor and Public Welfare. "Estimated Federal Payments under ‘The Elementary and Secondary Education Act of 1965’." Estimated Federal Payments under ‘The Elementary and Secondary Education Act of 1965,’ ca. 1965; “Education: Elementary and Secondary Education Act of 1965” folder, Box 4; Senate Committee on Education and Public Welfare; 89th Congress; Records of the U.S. Senate, RG 46; National Archives.. Accessed 27 March 2023. http://acsc.lib.udel.edu/items/show/44.