The bonding authority and bond bank concepts have evolved as effective and efficient methods of assisting local education agencies in financing school facility construction and other capital improvement programs. This discussion defines bonding corporations and reviews their historical development, current status, and potential. (TE)

This is the report of a finance review which examined long-standing inequities in education finance as well as current problems stemming from declining enrollment and sparse rural populations. An introduction provides the rationale for the review, along with the mandate set out by the Minister of Education, an overview of the organization and…

This paper evaluates the equity dimensions of a grant-in-aid system based on the Resource Cost Model (RCM), as proposed by the Illinois State Board of Education. The first section is an independent evaluation of the conceptual and legal aspects of the RCM, focusing on both the weaknesses and the strengths of the model. In the second section, an…