PDF pending restoration
ERIC Number: ED177696
Record Type: RIE
Publication Date: 1979-Sep
Reference Count: 0
Money and Education: A Guide to Michigan School Finance.
McMaster, Donald; Sinkin, Judy G.
This handbook is one in a series prepared for use at workshops designed to help teachers, administrators, and legislators understand and deal with the intricacies of school finance equalization plans in their states. Michigan's education finance plan is discussed in this particular book. Chapter 1 discusses how Michigan's plan undertakes its equalization objective--namely, how state aid is distributed to make up for the differences among districts in needs, demands, and abilities to pay. It offers a step-by-step calculation of a district's basic pupil allowance. Chapter 1 also reviews Michigan's categorical aid programs, which make up the remaining 20 percent of state aid to local school districts. Chapter 2 evaluates the impact of the finance plan by discussing the way the plan addresses disparities both in the raising and in the distribution of resources for education. To assist the reader in understanding Michigan's state aid formula, exercises appear throughout. The appendices provide information on guarantees under the school district equalization act and on Michigan's property tax relief system. An answer key to the exercises is also provided. (Author/LD)
Publication Type: Reports - Research; Numerical/Quantitative Data; Reports - Descriptive
Education Level: N/A
Authoring Institution: National Inst. of Education (DHEW), Washington, DC. Educational Policy and Organization Group.
Note: For related documents, see EA 012 188-189