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ERIC Number: ED334673
Record Type: Non-Journal
Publication Date: 1991-May
Pages: 21
Abstractor: N/A
Reference Count: N/A
Overcoming the Inequities in Illinois School Finance: An Analysis of Options towards Equity.
Hess, G. Alfred, Jr.; And Others
School districts in Illinois are supported by revenues received primarily from local property taxes. Since the amount of local funds generated to support schools are affected by differences in property wealth, and property wealth is inequitably distributed, the funds available to provide an education to each student are also inequitably distributed. This funding inequity is the result of changes in school enrollments, property wealth, state policy, and tax efforts. An equitable funding system would allow no more than a 1.5 to 1 ratio between the 95th and 5th percentile districts in peer pupil revenue or in operating tax rates per $100 in assessed valuation. Six funding options were evaluated to ascertain the extent to which each option would provide an equitable funding system, they are: the statewide foundation property tax option; the excess value state property tax option; the county assumption option; the increased foundation level option; and the income tax/property tax offset option. Developed analyses of the first four options are offered with nine tables that illustrate financial comparisons of each option and the original funding system. An additional table is appended. (EJS)
Publication Type: Reports - Evaluative
Education Level: N/A
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: EdEquity Coalition, Chicago, IL.
Identifiers - Location: Illinois