We consider issues of equality and efficiency in two different school funding systems--a state-level system in Michigan and a foundation system in Ohio. Unlike Ohio, the Michigan system restricts districts from generating property or income tax revenue to fund operating expenditures. In both states, districts fund capital expenditures with local…

This research examines the financial profiles of 550 public school districts in Michigan and highlights the association between school district fund balance and the following eleven indicators: enrollment, percent enrollment change, percent of students receive free and reduced lunch (FRL), percent of special education students, percent of English…

Alternative funding mechanisms for appropriating operating and capital outlay revenue for public colleges and universities are described. The following conclusions are drawn: (1) Budget formulas are utilized by 25 of the 50 states in allocating funds to higher education. (2) Budget formulas are used predominantly in budget areas where data related…