Of course. Fire the incompetents, dump tenure, and reward the talented, like with 150K per year salaries in the tougher schools. And give them the disciplinary tools.
This combined with making it harder to get a degree to teach secondary education would do more to help than throwing many billions of dollars at the problem.
Sadly many people (especially the very pro union types) don't want to see bad teachers fired and good teachers rewarded.
I don't disagree with much - here but that's not the actual rationale.