ERIC Number: EJ272664
Record Type: Journal
Publication Date: 1982-Nov
Reference Count: N/A
Wealth Neutrality Revisited: Guaranteed Tax Base Formulas and Local Choice in Public Education.
Reilly, Gilbert J.
Review of Economics and Statistics, v64 n4 p553-61 Nov 1982
Proposes a model for evaluating state equalization aid formulas, accounting for municipal overburden and tradeoffs between expenditures and taxes. Tests the model using the Michigan state aid formula. Results relate elasticities to spending and tax levels and suggest that relatively unrestricted guaranteed tax base formulas can work. (PGD)
Publication Type: Journal Articles; Reports - Research
Education Level: N/A
Authoring Institution: N/A
Identifiers - Location: Michigan