This study draws on a comprehensive performance-based funding (PBF) dataset and up-to-date difference-in-differences econometrics to examine the impacts of specific policy features (e.g., share of institutional revenue at stake and equity metrics) on college access and selectivity. We find suggestive evidence that increases in the share of revenue…

Traditional school-finance systems need dramatic change to make them more supportive of the goals and strategies of standards. The shortcomings of current structures are reviewed, and suggestions are provided for changing finance structures, including a shift from fiscal equity toward educational adequacy. Elements to enhance a new system are…

Equity consequences of school finance policy changes in Kentucky were studied. Findings indicate that Kentucky experienced marked improvements in equity as a result of school finance reform, including a narrower dispersion of pupil revenue and greater fiscal neutrality. Further adjustment could produce small gains in system equity, but at…

The status of school finance research and priority tasks to be undertaken in the next round of research are outlined. Both substantive and methodological issues are addressed. Finance-reform relations, methods addressing equity in funding distribution, and neglected areas of study are covered. (TJH)

In a study that matched Wisconsin 1974 taxpayers with the school districts where they reside, it was found that poor people live in similar kinds of school districts (defined by school district property wealth, median family income, per pupil expenditure etc.) as nonpoor people. Implications of the research are discussed. (Author/LC)

An overview of recent state level policy developments and policy analysis research as related to equity and efficiency objectives in public school finance is presented. Emphasis is placed on identifying complementarities, rather than the tradeoffs, between equity and efficiency criteria. (Author/LC)

When New Jersey passed the Quality Education Act to equalize expenditures between rich and poor school districts, it increased regulatory oversight for its 30 poorest districts. The oversight system, the burdens it created for districts, and the political control are described. The new system is evaluated as moderately effective. (SLD)

Relates various types of educational spending to mean mathematics achievement and its social distribution among students using a nationally representative database of 7,217 12th graders. Spending on instruction and capital expenditures was related to differences in achievement between socioeconomic status groups, with lower spending associated…

Conceptual, methodological, and empirical issues in resource allocation at the intradistrict and school levels are explored. The ways that equity concepts can apply are discussed, and an empirical analysis is presented of vertical equity at intradistrict and school levels in New York (New York). (SLD)

Studying school district spending in New York State revealed that districts increased real expenditures per pupil by 46% between 1980 and 1992. A large portion of the spending has gone to disabled students. Also discussed are the growth in administrative expenditures, responses to changing enrollments, and teacher compensation. (SLD)

A review of articles, research studies, and textbooks on school finance and the economics of education in the 1980s is presented. General issues discussed include theoretical concepts, fund raising and fund distribution alternatives, and promotion of educational equity and efficiency through resource allocation. (TJH)

A review of case law on the constitutionality of state school finance provisions on equal protection and equal adequacy grounds is provided. Protracted rounds of litigation over the years in several states and a rash of recent suits reveal that this issue remains lively and contentious. (TJH)

This article describes how four Texas school districts responded to changed fiscal conditions following implementation of reforms designed to bring greater equity to Texas school finance. Case studies in two poor districts show that little new money was spent on improvements to the core curriculum. (SLD)

Budgetary and fiscal data from 11 school districts of varying wealth in New Jersey suggest that, in the first year of the state's Quality Education Act, the law has only modestly increased fiscal equality, with only minor cuts in funding in wealthy districts and some program improvement in poorer ones. (SLD)

Analysis of comparative case studies in four high- and low-wealth school districts in Kentucky indicates that, following recent school finance reform initiatives, expenditures increased in all districts but that spending patterns changed only incrementally. Nonprogramatic financial reporting masks the extent to which reform dollars are supporting…