ERIC Number: ED103985
Record Type: Non-Journal
Publication Date: 1975
Equity in School Financing: District Power Equalizing. Fastback Series, No. 57.
Guthrie, James W.
Behind the concept of power equalization is the assumption that at any specified tax rate every school district in a State, regardless of wealth, has the same dollar resource level per pupil. A State established schedule of local district funding level choices related to tax rates is essential; however, tax levels are always a product of the political process. Refinements in the concept are effected through pupil weighting, cost-of-living adjustments, and allowances for school construction, transportation, private school enrollments, and windfall gains. One solution to the resistance to property taxes is to equalize revenues through a tax rate/expenditure schedule based on individual personal income rather than on real property. Property, then, would be taxed at a minimum statewide level. The advantages and strengths of district power equalizing when compared to full State aid are discussed, and a compromise plan is suggested. (Author/DW)
Descriptors: Budgeting, Educational Finance, Elementary Secondary Education, Equalization Aid, Expenditure per Student, Finance Reform, Full State Funding, Income, Property Taxes, School District Spending, School Taxes, Tax Rates
Phi Delta Kappa, Eighth and Union, Box 789, Bloomington, Indiana 47401 (Individual fastback $0.50; Set of six $3.00; Quantity and Membership Discounts; Payment must accompany order)
Publication Type: Books
Education Level: N/A
Authoring Institution: Phi Delta Kappa Educational Foundation, Bloomington, IN.