This study is the first to empirically examine how school districts allocate resources in response to capital investment revenue from statewide penny sales taxes (called SAVE funds), and whether SAVE funds affect student outputs (i.e., educational achievement). We found evidence that school districts do not use SAVE funds to increase capital…

Employed various statistical techniques to measure fiscal equity in Virginia. The new state aid system for financing education was unable to mitigate large and increasing disparities in education revenues between more and less affluent localities and a strong and growing linkage between revenue and wealth. Includes 34 footnotes. (MLH)

Examines supplantation and redistribution effects of lottery allocations to the 28-member Florida community college system. Florida community colleges incurred four adverse consequences from being earmarked for lottery profits. Receiving lottery profits was accompanied by a drop in college expenditures, fewer spending dollars, supplanted general…

Analyzes public school funding patterns across the 50 states to help address continuing fiscal inequity problems. Findings support other investigations showing substantial variations in the distribution of public education revenues within states, even after years of ameliorative litigation and legislation. Equalization is costly and requires…

Uses Texas data to explore using an indirect measure of local wealth as the basis for calculating indexes of wealth neutrality. The proposed measure, the percentage of school district revenues derived from local sources, can easily be calculated from data contained within the U.S. Department of Education's Common Core of Data. The measure…