The partial financing of New York State's public schools with a state-mandated tax coupled with state aid based upon county or regional wealth rather than local district wealth would provide greater equalization of both revenues and expenditures of school districts than does the present law. A comparable increase in state aid appropriations under…

State aid programs for local schools have not kept pace with New York State's ambitious, revamped Regents examination program. This paper explains a method for developing a comprehensive education cost index and shows how to incorporate it into a performance-based foundation aid system. (Contains 36 references.) (MLH)

This manual provides an introduction and guide to the system of financing elementary and secondary education in the state of New York. Chapter 1 explains how the state's education finance plan operates by allowing districts to calculate aid under two foundation formulas. Chapter 2 describes how the state's plan addresses disparities by equalizing…