ERIC Number: ED159806
Record Type: RIE
Publication Date: 1978-May
Reference Count: 0
An Analysis and Evaluation of Regional Cost of Education Indexes for New York State. Study #5.
Furno, Orlando F.; Gaughan, James M.
The proposed New York State Cost of Education Index would be a statistical measure of the price changes in the goods and services purchased by local districts. Data would be available on a regional basis. Many statistical procedures and theoretical considerations involved in constructing such an index are similar to those used for the Consumer Price Index. Criteria for an effective index include practicability, availability of data, objectivity, simplicity, and flexibility. The Laspeyre formula is probably the most appropriate statistical formula for constructing the index. Several steps are involved in construction of the New York index. First, the items composing the educational market basket must be identified. A representative sample of school districts should be queried. Items must then be cost weighted and surrogate measures must be collected for them. Items must be statistically combined into primary indexes, submajor indexes, major indexes, and finally, the regional cost of education index. To design and develop such an index would be costly. Presently, neither valid educational cost data nor representative educational price data are being collected. Much care should be exercised in the uses of the index since using it to adjust state aid would probably give more aid to wealthier districts and thus run counter to the principle of equal educational opportunity. (Author/JM)
Publication Type: Reports - Research
Education Level: N/A
Authoring Institution: N/A
Identifiers: New York; New York State School Finance Law Study Project
Note: Not available in paper copy due to light print of original document