In 1923, Los Angeles teachers protested the state's biennial budget, a controversial document from newly elected governor Friend Richardson that significantly cut funding to government agencies. The budget was the culmination of more than a decade of fiscal policy reform that reflected a significant shift in anti-tax sentiment. The expansion of…

Defined benefit (DB) pension plans incentivize "salary spiking," where sharp increases in pay are leveraged into significantly higher levels of retirement compensation. While egregious instances of salary spiking occasionally make headlines, there is little guidance on the definition of salary-spiking behavior or understanding of its…

Economic development theory focuses on a country's human capital development which is its greatest resource. Human capital development is the empowerment of citizens which comes through education and training. A major player in this process is Community colleges which its mandate is to bridge the skills gap and attend to the academic needs of its…

This paper analyses the composition, distribution, and history of school funding in Australia through a spatial lens (Soja 2010). We explore multi-scalar school funding policy through three layers of economic maldistribution. We sketch the funding disparities between the three school sectors (public, Catholic, and independent) exposing a spatial…

Rising federal debt threatens to reduce the growth of the economy, people's living standards, wages, and the standard of living. A policy solution needs to respect many constraints, most importantly, that it is seen as fair--both within generations and across generations. This article addresses concepts of fairness and their application to…

Defined benefit (DB) pension systems determine the size of pension payments using an employee's "final average salary". Thus, employees enrolled in DB pension systems face an incentive to "salary spike" -- strategically increase late career pensionable compensation -- to increase their retirement income. This is an important…

U.S. legislators recently brought back thirty-four tax programs from legislative limbo, extending them for three years. This includes the tuition and fee deduction, used by taxpayers to save on college expenses. This regressive tax policy flows heavily towards higher-income levels, with almost a third of the deduction going to those with incomes…

Educators are faced with increasing student loan debt, increasing costs of becoming a teacher, and stagnant teacher salaries. Research suggests that the structural elements of the student loan system, including systemic barriers, may act as deterrents, preventing access and opportunity, especially in the teaching profession. The profession needs…

The paper addresses the problem of the financial regulations' impact on the share of private financing in higher education institutions (HEIs). The authors postulate the trade-off between the size and stability of public financing and the regulations fostering stability of HEIs' funds. If the public sources are insufficient then the regulations…

U.S. citizens or permanent residents, enrolled at least half time in a qualified program at a participating school, not in default on a prior federal student loan, and not previously convicted of a drug offense while receiving federal financial aid are eligible to apply for a student loan. The chart presented in this report summarizes the interest…

The federal role in higher education has grown over the past two decades, and now a new administration has the opportunity to strengthen policies that support students and their colleges and universities. To help inform these decisions, the Urban Institute convened a bipartisan group of scholars and policy advisers to write a series of memos…

Illinois' pension plans have sent the state on a downward spiral. One out of every four dollars that state taxpayers send to Springfield goes toward pensions, and the vast majority of these contributions go toward paying down large pension debt, not the actual retirement benefits given to state and local workers like teachers. The teacher pension…

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…

With the advent of outcomes-based funding policies, state policymakers are increasingly committed to basing public college and university funding on how institutions perform on valued measures such as program progress and degree completion. This rising emphasis is considered here in the historical context of three earlier state funding approaches:…

The educational achievement distribution of Israeli students is characterized by a low level of achievement with a wide achievement gap between high and low achievers compared with the Organisation for Economic Co-operation and Development (OECD average. In fact, Israeli student achievement is characterized by the widest gap among the OECD…