This paper examines how school districts change teacher salaries in response to large changes in revenue. Using district-level salary schedule data for nearly all California school districts, we analyze two time periods: one with a decrease in funding (2007-08 to 2011-12 marked by the Great Recession) and one with a significant increase in funding…

Nearly every economic indicator, from the stock market to unemployment and beyond, suggests that a global financial crisis is imminent. While an economic downturn may affect every parent, family, and taxpayer, education special-interest groups are demanding that Washington bail them out now, regardless of future tax or spending implications. These…

Higher education appropriations are often referred to as the "balance wheel" for state budgets, receiving greater than average funding reductions during economic downturns and above average increases during periods of economic growth. However, this trend has gradually diminished with each recession as higher education funding no longer…

How did State U. get so expensive? A leading culprit is reduced state support. Since 1987, the typical student at a public college or university has seen the government subsidy for her education drop by $2,337, or roughly one quarter. And in prior research, the author found that every $1,000 in state divestment leads colleges to raise tuition by…

The purpose of this research was to examine funding losses experienced by preschool to grade 12 (P-12) public school districts in Indiana, U.S., from an equity standpoint after the implementation of statewide property tax caps. All Indiana public school districts (N = 292) rely on property taxes as a major source of revenue, but districts…

This chapter describes the impact of major changes in community college funding on its open-access mission, as well as on the work and responsibilities of college leaders as they attempt to balance the increasing demands made of their institutions while concomitantly grappling with diminished public fiscal support.

Developing countries place a high premium on education because it is believed to correlate with economic development. Similarly, Botswana adopted an education-for-development policy when it became independent in 1966. Providentially, it discovered and mined minerals, particularly diamonds, and funded education. Unfortunately, Botswana is a…

Illinois confronts a financial crisis that threatens its capacity to implement the state's long-fought-for plan for improving our education system. Two-thirds of our school districts are now deficit-spending. Districts have dismissed at least 6,400 educators and aides, closed schools, lengthened bus routes, and reduced programs in everything from…

The purpose of this study was to identify financial management strategies that school business officials have found most successful in achieving school district financial stability. To accomplish, 208 Illinois school business officials in six counties: Cook, DuPage, Kane, Lake, McHenry, and Will counties, excluding Chicago School District 299,…

In the twentieth century, Ohioans as individuals and Ohio as a state did much to improve the education level of Ohio's workforce. The state built a world-class network of community colleges and branch campuses, institutions created to make post-secondary education accessible and affordable. These efforts, along with investments in K-12 education…

In the twentieth century, Ohioans as individuals and Ohio as a state did much to improve the education level of Ohio's workforce. The state built a world-class network of community colleges and branch campuses, institutions created to make post-secondary education accessible and affordable. These efforts, along with investments in K-12 education…

Fiscal federalism deals with the sharing of resources in a federated nation. Over the years problems about local government finance have become an important aspect of intergovernmental relations. Constitutionally, local government is the third tier of government which exists as an independent entity, possessing some degree of autonomy and…

Institutions of higher education are facing a number of challenges as they compete in the new global economy. Many of these institutions face increasing internal and external challenges, all of which involve additional expenses at a time when resources are diminishing. With growing financial uncertainties caused by fluctuating financial markets…

Two years after the U.S. Department of Education awarded $650 million in Investing in Innovation grants, some of the winners are still facing financial uncertainty. Other grantees have also encountered problems with matching funds coming through, and some nonprofit grantees have been forced to contribute their own money to match the initial…

Context: The 2008 financial crisis had a far-reaching impact on nearly every sector of the economy. As unemployment increased so did the uninsured. Already operating on a slim margin and poor payer mix, many critical access hospitals are facing a tough road ahead. Purpose: We seek to examine the increasing impact of uncompensated care on the…