This report offers an array of steering mechanisms to help advance South Africa's higher education goals (equity and redress, efficiency, development, and accountability). Building on the experiences of other nations, the paper proposes both base formulas and non-base funding mechanisms that, combined, suggest that such policy-driven steering…

Reviews formula funding in higher education literature, including purpose, historical perspectives, definition and development, characteristics, advantages and disadvantages, and future trends. In light of citizen demands, the formula approach seems the best method to ensure a satisfactory relationship between state government and state…

State-level funding formulas should be changed from enrollment-based to fixed cost-based, using standards such as those of the Association of Research Libraries. Funding linked with programmatic changes encourages quality of the institution and rewards effective library management. (CDD)

Formula funding in Illinois reflects decisions on value choices which can be grouped in the categories of enrollment linkage, mission and diversity recognition, equity and fair share, and quality and program improvement. The enrollment linkage of the Illinois formula ties credit hour grants and categorical programs directly to full-time equivalent…

New methods of financing higher education used in Australia, the United States, and the United Kingdom are summarized and compared. The paper concludes that while these approaches are designed to improve efficiency, realize specific outcomes, and leverage additional funds from other sources, they may have unanticipated, unintended, and, in some…

The potential for reconciling state formula funding of higher education with institutional planning needs is discussed. It is proposed that states invent a financing mechanism that funds a fair share of the strategic aims of each public college and university, yet allows the state to invest in a few priorities. New Jersey's experiment with such an…

One of the most critical components of the college or university chief financial officer's job is budget planning, especially using formulas. A discussion of funding formulas looks at advantages, disadvantages, and types of formulas used by states in budgeting for higher education, and examines how chief financial officers can position the campus…

Projections in this document form the basis of the site-based budget planning process for schools in the Seattle (Washington) School District. These projections are based on the Weighted Student Formula approved by the School Board in February 1997. The Weighted Student Formula is based on three principles: (1) resources follow the student; (2)…

Argues that standards-based education reform has shifted the focus of school finance from equity to adequacy. Requires an explicit connection between the funding provided to schools and the results produced in terms of student learning. (Contains 19 references.) (MLF)

Recent court decisions and legislation show that an adequate school finance formula must provide sufficient money so public schools can teach all students. Four different approaches for determining school finance adequacy are: (1) determining the economic cost of various educational functions; (2) linking spending to performance benchmarks; (3)…

This paper offers a conceptual and technical framework for examining alternative approaches for funding special education. The paper discusses fundamental policy questions that guide the selection of an appropriate funding approach, presents criteria for evaluating funding formulas, and analyzes alternative approaches for their fiscal and…

The magnitude of special education funding requirements has placed strains on both state and local budgets. Funding formulas for special education can be grouped as resource based, child based, or cost based. A table provides a summary of the incentives and disincentives associated with each type of funding. (13 references) (MLF)

School-finance equity is deceivingly complex. Equity necessitates fair and just treatment, which might actually require unequal treatment of some individuals or groups. State governments face a tremendous challenge in developing school-finance systems that result in equity for children. Obstacles include finding the correct mix of taxes to…

This guide explains Alberta's Program Unit Funding, a means to provide individual programs to supplement support for young children (ages 2.5 to 6 years) with severe disabilities. This program requires development of an Individualized Program Plan for each child and an individual budget plan submitted each school year. After an overview, sections…

When the Cincinnati Public Schools devised a reform strategy for improving student performance, it became clear that the district's traditional budgeting system was inadequate. Traces the district's process of moving to a system of student-based budgeting linking funding equity and flexibility to accountability and excellence. (MLF)