Discusses the factors that have reduced state revenues, the impact of the changes in revenues, and the financing of K-12 education. Forecasts an unprecedented decline in the fiscal health of many states during the next few years. (Author/WD)

Presents an analysis of New York school district spending variations in nominal versus cost-adjusted terms. Previous conclusions regarding the spending effects of property wealth and income variables are stable across equations. (Author/IRT)

After a brief history of the states' role in financing public schools since 1970, their current fiscal status and budgetary actions are reviewed. The impact of tax-cutting initiatives on California and Massachusetts schools and districts' solutions are considered. Guiding principles for allocating reduced funds are proposed. (MJL)

Data on 174 Colorado school districts were used to measure districts' responses (as indicated by per-pupil expenditures) to their own fiscal capacity and to state aid that changes over time. Colorado's modified guaranteed tax base (GTB) formula was analyzed and a model constructed that took into account the formula's limits on district spending…

The authors' review of several studies on school district fiscal response to state aid formulas precedes a summary of their research results from case studies of Colorado and Minnesota. The studies reviewed examined factors influencing district fiscal capacity and expenditure changes made in response to aid formulas, especially to…

To help South Dakota develop new measures of school district fiscal capacity (besides assessed value per pupil) to use in its state school aid formula, researchers used multiple regression analysis to examine the effects on district expenditure per pupil of each district's average family income and of the composition of the property tax base. Also…