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ERIC Number: ED109267
Record Type: RIE
Publication Date: 1972-Feb
Pages: 39
Abstractor: N/A
Reference Count: N/A
"Equal Educational Opportunity": Alternative Financing Methods for Public Education.
Akin, John S.
This paper traces the evaluation of state-local public education finance systems to present; examines the prevalent foundation system of finance; discusses the "Serrano" decision and its implications for foundation systems; and, after an examination of three possible new approaches, recommends an education finance system. The first of the new approaches is that states assume the total financing of education by means of state taxes--property or nonproperty--to raise revenues sufficient to finance state-determined levels of expenditure. In the second alternative, based on the information program method of school finance, the state sets a maximum spending level. A foundation program sets a level of required expenditure and a level of required local tax "effort." The third alternative, a slightly different variation of the normal foundation program, is called the "effort equalized price" system. Districts will be allowed to tax themselves as much as they desire with the knowledge that this "effort" on their part will result in as many added revenue dollars as will equal extra effort in any other district. This removes the necessity for the state to set an absolute maximum expenditure ceiling. The major basis of choice among possible systems is relative equity and efficiency. Political feasibility, however, is taken into consideration. (Author/JM)
Institute for Research on Poverty, University of Wisconsin, Madison, Wisconsin (Price not quoted)
Publication Type: Reports - Research
Education Level: N/A
Audience: N/A
Language: N/A
Sponsor: Office of Economic Opportunity, Washington, DC.
Authoring Institution: Wisconsin Univ., Madison. Inst. for Research on Poverty.