ERIC Number: ED445132
Record Type: RIE
Publication Date: 1998
Financing Higher Standards in Public Education: The Importance of Accounting for Educational Costs. Policy Brief, No. 10.
Duncombe, William; Yinger, John
This policy brief explains why performance focus and educational cost indexes must go hand in hand, discusses alternative methods for estimating educational cost indexes, and shows how these costs indexes can be incorporated into a performance-based state aid program. A shift to educational performance standards, whether these standards are targets or are embedded in a foundation aid program, can be neither fair nor effective unless it recognizes the variation in the cost of education. Using data from New York State, the brief shows that controlling for costs in the design of school aid formulas is crucial to enable central cities to reach educational adequacy standards. This paper uses an approach to educational cost indexes that selects performance indicators on statistical grounds. This approach determines which performance indicators are valued by voters, as shown by their correlation with property values and school spending. It then uses these indicators in an index of educational performance that is a weighted average of the statistically significant performance indicators in which the weights reflect the value voters place on each indicator. For New York, this approach leads to an index based on three performance indicators: (1) the average share of students above the standard reference point on third and sixth grade standardized tests for mathematics and reading; (2) the share of students who receive the demanding New York Regents diploma; and (3) the graduation rate. (Contains 2 figures, 11 endnotes, and 27 references.) (SLD)
Descriptors: Academic Standards, Cost Estimates, Educational Finance, Elementary Secondary Education, Financial Support, Performance Based Assessment, Public Schools
Center for Policy Research, Maxwell School, 426 Eggers Hall, Syracuse, NY 13244-1020. For full text: www-cpr.maxwell.syr.edu/pbriefs/pb10.pdf.
Publication Type: Reports - Descriptive; Speeches/Meeting Papers
Education Level: N/A
Authoring Institution: Syracuse Univ., NY. Maxwell Graduate School of Citizenship and Public Affairs.
Note: Version of this brief presented at a conference sponsored by the Committee for Education Finance of the National Research Council (Irvine, CA, January 1998).