This article examines three trends that challenge the provision of elementary and secondary education. Using the Commonwealth of Virginia as an example, this study compares national and state trends that threaten the stability and funding of public education. The following three trends are likely to present the greatest challenges to the…

Public elementary and secondary education, a vast, uneven and complex system, is the most significant cost to local government and one of the largest costs to state government in Virginia. Meeting this cost has become even more difficult as the state and nation continue to struggle with the most severe economic downturn since the Great Depression.…

Two years ago a fiscal equity analysis assessed the current Virginia equalization formula over its history (fiscal year 1975-fiscal year 2003). The findings indicated by accepted equity statistics were that the level of equity improved from fiscal year 1975 through fiscal year 1994 and leveled off from fiscal year 1994 through fiscal year 2003.…

The inscription on the internal pedestal of the Statue of Liberty proclaiming "Give me your tired, your poor, your huddled masses" today is an ideal of another age. Compared with those of other developing countries, U.S. poverty rates are extraordinarily high, as are the odds of remaining in poverty intergenerationally. No longer do immigrants…

The new state aid formula implemented in 1974-75 resulted in little real change in the allocation of state resources to local school districts. (Author/IRT)

Analyzes the content and impact of federal legislation governing federal aid for Indian education, discusses the financial status of Indian elementary and secondary schools in New Mexico, North Carolina, Oklahoma, and Washington, and presents several alternative formulas for financing Indian education. (Author/JG)

The bonding authority and bond bank concepts have evolved as effective and efficient methods of assisting local education agencies in financing school facility construction and other capital improvement programs. This discussion defines bonding corporations and reviews their historical development, current status, and potential. (TE)

This article reports the results of a comprehensive analysis of a school finance formula implemented in Virginia in 1974-75, the purpose of which was to provide increased fiscal equity throughout the state. Results show, however, that per-pupil revenue disparities have actually increased since that time. (TE)

The long-term pattern of state assumption of public elementary and secondary education funding continued during the past decade. This trend, as shown in numerous tables, has been neither regular nor consistent among states and regions in recent years. The property tax is still the mainstay of local school districts. Includes 18 references. (MLH)

Reviews state and local options for financing construction of public school facilities, including state grants or loans, or school districts' use of current revenues, reserve funds, bonds, or shared facilities. Assesses current problems involving voter disapproval of school bonds, financing and construction costs, equalization litigation,…

Discusses the education financing system approved by the Kentucky legislature following the 1989 Kentucky Supreme Court decision striking down the previous educational financing system. The overall structure of the new system is basically sound. The allocation formula is comparatively simple and should permit both equitable administration and a…

Employed various statistical techniques to measure fiscal equity in Virginia. The new state aid system for financing education was unable to mitigate large and increasing disparities in education revenues between more and less affluent localities and a strong and growing linkage between revenue and wealth. Includes 34 footnotes. (MLH)