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ERIC Number: ED188298
Record Type: RIE
Publication Date: 1979-Dec
Pages: 48
Abstractor: N/A
Reference Count: 0
Problems and Alternatives in Capital Financing for Minnesota Elementary and Secondary Schools.
Hopeman, Alan R.
The primary sources of capital funds in Minnesota are the local capital expenditure levy and school district bond sales. The state provides assistance to low-wealth districts by providing a capital expenditure equalization aid program and two types of loans under the Maximum Effort School Aid Law. It has been argued that the concepts of equal education and fiscal neutrality apply as much to facilities as to current operating costs. In Minnesota, tax rates related to capital expenditures vary among districts. Also varying are available revenue and debt capacity. State programs as currently formulated offer little to offset the disparities. The adequacy of Minnesota's educational facilities has not been well enough determined for an assessment to be made of the effects of state funding on achievement of adequacy. In determining whether and how to change Minnesota's capital financing policies, legislators must consider state goals, the state's facility needs, how those needs should be assessed and met, and the advantages and disadvantages of greater state involvement in capital financing. A brief discussion of programs in eight other states is included in the document for comparison. (Author/PGD)
Publication Type: Reports - Evaluative
Education Level: N/A
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: Minnesota House of Representatives, St. Paul.
Identifiers: Florida; Illinois; Maryland; Massachusetts; Minnesota; New Jersey; New York; Utah; Wyoming
Note: Tables may not reproduce clearly due to small print.