ERIC Number: ED159786
Record Type: RIE
Publication Date: 1976-Dec
Reference Count: 0
State Financial Reform in New Jersey and the Urban Fiscal Crisis. The Impact of the Income Tax, Property Tax Rebates and "T&E" School Funding on New Jersey's Urban Communities. New Jersey Urban Education Research Reports No. 1.
Reschovsky, Andrew; Knickman, James
1976 saw a number of major fiscal changes occurring in New Jersey, all of which had an impact on educational funding. These include the imposition of a state income tax, a property tax rebate program, and a new system of funding public education that significantly increases the state's share of total education support. Based on a measure of the fiscal burden faced by the residents of New Jersey communities developed for this study, calculations indicate that on an average the state's larger urban communities face a fiscal burden more than four times greater than the fiscal burden in the average nonurban community. Detailed analysis of the impacts of the new tax and school funding legislation reveal that, in general, urban communities receive preferential treatment. However, the magnitude of this preferential treatment is insufficient to have a large impact on the relative fiscal position of urban as compared to nonurban communities within the state. (Author/PGD)
Publication Type: Reports - Research
Education Level: N/A
Sponsor: Bureau of Elementary and Secondary Education (DHEW/OE), Washington, DC.
Authoring Institution: New Jersey State Dept. of Education, Trenton. New Jersey Urban Education Observatory.
Identifiers: New Jersey
Note: For related documents, see EA 010 881-882; Not available in paper copy due to light print of original document