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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
Download full textBradbury, Katherine L.; And Others – 1982
Beginning with the background to the 1980 passage of Massachusetts' Proposition 2 1/2, the authors analyze the first-year effects of the property tax limitation measure. Section 1 describes Massachusetts' previous high dependence on property taxes and outlines the provisions of Proposition 2 1/2. Section 2's analysis indicates that the state's…
Descriptors: Community Size, Elementary Secondary Education, Equalization Aid, Expenditures
