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Direct linkZhao, Bo; Bradbury, Katharine – Journal of Policy Analysis and Management, 2009
This paper designs a new equalization-aid formula based on fiscal gaps of local communities. When states are in transition to a new local aid formula, the issue of whether and how to hold existing aid harmless poses a challenge. The authors show that some previous studies and the formulas derived from them give differential weights to existing and…
Descriptors: State Aid, Educational Finance, Funding Formulas, Design
