Describes a study to determine the effects of decentralized governance and finance structures on resource allocation to and within schools. Using a common methodology and set of questions, authors analyzed data on school-based budgeting in Chicago, Fort Worth, New York, and Rochester. School-based budgeting occurs at the margins, encourages…

Examines equity consequences of Tennessee's 1992 education finance reform. Assesses concurrent changes in student performance over the funding formula's phase-in period, addressing test-score distribution and movement toward adequacy. Results are mixed. Tennessee should consider incorporating an outcome-based, adequacy funding approach to achieve…