Analyzes ways in which asset allocation, investment guidelines and objectives, and investment performance may create indirect income redistribution among institutional constituents, including redistribution from future to present constituents. Comments on the implications of inflation and deflation for these aspects of endowment fund management.…

Discusses application of the "Lorenz Curve" (a graphical representation of the concentration of wealth) with the "Gini Coefficient" (an index of inequality) to measure social inequality in school finance studies. Examines the basic assumptions of these measures and suggests a minor reconception. (MCG)

Identifies the political forces affecting state decision making during four Minnesota legislative sessions--1955, 1971, 1976, and 1981--that either passed or retained measures for private school tax deductions. The study focuses on the central features of the legislative process and the implications of those features for education policymaking.…

Pennsylvania's mathematical modeling technique to evaluate tax reform proposals requires the following data: personal income at the local level and measures of the breakdown of property tax payment by land use classification. The simulation technique could be readily adapted in reorganizing educational finance systems. (MLF)

Data concerning state-local systems of financing public education in Illinois reveal inequities across districts of different types as well as between districts of the same type. The procedure should be of value in appraising school finance inequities in states with diverse patterns of school district organization. (MLF)

Describes a methodology for deriving educational expenditure estimates for handicapped children. Information collected for 573 children from three urban school systems from record reviews and interviews with the childrens' parents, teachers, and physicians reveals an approximate 2:1 ratio of expenditures for special and regular education students.…

This research study examined 25 economic, demographic and social, financial, governance, and geographic variables in 39 large urban school districts in order to measure the variables' ability to (1) distinguish between school districts that were fiscally stressed and those which were not and (2) predict bond ratings of large urban school…

Educational reform depends more on clearly defined missions and operational efficiency than on improved teacher quality. This article defines adequacy, equality, equity, and efficiency; examines numerous production function studies of teacher characteristics and policy and administrative structures; and summarizes seven policy implications.…

Discusses new research directions for school finance that should accompany a national policy shift toward improving education quality. Traces the evolution of school finance, outlines school finance topics related to recently enacted state education reforms, and projects future education policy isues and related financial research problems.…

Asserts that achievement and cost measures of school districts' effectiveness are useful but insufficient performance critera. Focusing on British Columbia, Canada, this paper demonstrates a surprising negative relationship between cost and achievement and seeks a third element--school ethos or goodness--as a potential predictor of school…

Explores the impact of budget changes on the intensity of program services received by students in federal compensatory education programs under Chapter 1 of the Education Consolidation and Improvement Act (1981). Results show that moderate budget cuts translated into service intensity declines, implying that Gramm-Rudman impacts could be worse.…

This paper's goal is to redefine fiscal health by broadening its predictive function and to determine which fiscal indicators are useful for forecasting fiscal health for one, two, and three years. Results indicate that school district fiscal health forecasts are potentially great planning tools for local for local decision makers. Includes 11…

Research into voters' reasons for supporting or opposing Proposition 2 1/2, Massachusetts's 1980 property tax limitation measure, revealed that educational issues were of moderate importance and that voters were more interested in restructuring educational finance and governance than in reducing school budgets. Still the passage of the measure…

Analysis of budgetary, personnel, and enrollemnt records from school districts in the Saint Louis, Missouri, area reveals that the administrative share of resources grows as funding increases or enrollment declines. Tendencies to cut administrative staffing when funds are restricted suggest that improved cost-benefit analysis of administration may…

Reviews the fiscal effects on 28 of the largest U.S. school districts of the shift in federal funding of education from categorical aid to block grants. Focuses on the longitudinal pattern of funding, the status of desegregation efforts, and the level of participation of private school students. (PGD)