A 1973 Illinois school finance reform program initiated a guaranteed tax yield system that can also be considered a district power equalization system. This paper evaluates this reform according to four criteria: permissable variance, fiscal neutrality, reward for effort, and aid to urban areas. Emphasis is given to a discussion of legal and…

In the wake of "municipal overburden" characterizing today's cities faced with an increased demand for public services and a diminishing tax base, most urban areas in the United States have had to explore new sources of additional funds ranging from federal revenue sharing to the use of public lotteries. This paper focuses on the…