The new Federal revenue sharing proposal has been received with diverse reactions by politicians, economists, and citizens. The program is divided into $5 billion annually in general revenue sharing and $11 billion annually in special revenue sharing. Proposed alternatives to revenue sharing include (1) reduction of Federal taxes, thereby…

In this document, the authors review emerging innovative practices in a number of States and recent research which indicates logical directions for future change. The authors contend that traditional support of public school facility financing and attendant debt service has outlived its usefulness and should be altered in accordance with modern…

This document reports the results of the National Capital Outlay Project, the purposes of which were (1) to investigate the legal basis, procedures, and practices utilized by the 50 States in providing funds for public school construction and related debt service; and (2) to generate a series of capital outlay finance models that States could use…