ERIC Number: ED394166
Record Type: Non-Journal
Publication Date: 1994-Oct
Reference Count: N/A
Michigan School Finance Reform. Analysis of the Enacted School Finance/Education Reform Package. Issue Paper.
Towne, George; And Others
In March 1994, Michigan voters approved a ballot proposal that used a mixture of state and local taxes to fund the K-12 educational system. This document presents a comprehensive review of the issues affected by the reform. The enacted K-12 school-finance reform package made a major change in the way state aid was distributed to local school districts. The tax-effort equalization formula was eliminated and replaced with a new foundation-allowance approach to school funding. While some categorical payments will continue for programs such as special education, most district revenue will come from the foundation allowance. The first section reviews the overall financial components of the package, including tax reform issues, K-12 revenue, and the impact on the state budget. The second section specifically describes the constitutional and statutory provisions of the school-finance reform package, including state and local revenues and homestead and agricultural property exemptions. The third section describes the foundation allowance, how it is determined and how it is funded, and the major appropriations of the fiscal year 1994-95 School Aid Act. The fourth section compares education-improvement issues prior to and after the enactment of recent reform. A total of 13 tables are included. (LMI)
Publication Type: Reports - Evaluative
Education Level: N/A
Authoring Institution: Michigan State Legislature, Lansing, Senate Fiscal Agency.
Identifiers - Location: Michigan