This study examines patterns of state financing in public community colleges. The focus of the study is to not only show the disparities that exist across the 50 states in terms of fiscal capacity to provide funding for community colleges, but also in the effort that is exerted to fund community colleges. The study combines the Bureau of Economic…

Background: In the wake of the 2007-2008 global financial crisis, calls for financial literacy education increased dramatically. In both the United States and Canada, the financial collapse and its aftermath saw a resurgence of personal finance programs and initiatives in schools. While financial literacy education continues to be introduced in…

The link between education funding levels and student outcomes is a matter of continuing debate, including in New York State. State education aid in New York follows a progressive formula that targets more aid to lower-income, higher-need school districts, yet these districts continue to dominate lists of the state's lowest performing schools. The…

This article uses survival analysis to investigate the symptoms of fiscal distress that can lead to significant reductions in instructional expenditures by independent public school districts in the United States. We hypothesize that the likelihood of significant reductions in instructional expenditures is positively correlated with revenue…

At first glance, public-sector labor unions are just one of many types of organizations that participate in the political process. However, these unions differ significantly from other interest groups made up of individual citizens or non-labor organizations. Because their members' interests are tied to government policy, these unions are more…

During the summer of 2010, school districts across the country reported almost daily on their plans to lay off staff because of sharp declines in aid. Hundreds of thousands of teachers' jobs were on the line. If these losses materialized, class sizes would skyrocket and educational enrichment activities would be lost. Some districts shortened…

A housing and municipal construction bubble popped and generated a lending crisis in which interbank lending rates became impossibly high. The banking crisis, which spread across Europe and the United States, eventually impacted other industries, leading to a stock market crash and an economic contraction lasting several years. This was not in…

Throughout the centuries the ownership of wealth has been used as the measure for the determination of status in a community or society. Exactly what constituted wealth differed from one period to the next. The nature and extent of power within the narrow confines of the family and the wider political context was defined on the basis of ownership…

States and school districts are facing unprecedented financial pressure due to the continued poor performance of the United States's economy. Dramatic shortfalls in funding due to reduced tax collections were held off for 2 years thanks to federal stimulus funds, but with these revenues already consumed and little likelihood of more in the near…

Furstenberg et al. (1995) suggested that one unanticipated consequence of current high levels of divorce might be a "matrilineal tilt" in intergenerational wealth flows. This research uses six waves of the Health and Retirement Survey (1992 to 2002) to investigate this possibility with respect to financial transfers from parents to their…

The conventional view of poverty in the European Union countries is based on a relative measure, which defines all those with incomes below 60 percent of the median as poor. In the U.S., poverty is defined according to an absolute measure--the federal poverty line computed by the Census Bureau--which was $21,200 for a family of four in 2008…

With the nation's economy in turmoil and the government budget axe falling on educational programs, many corporations and private foundations are responding to what has become a pressing need for funding in K-12 education throughout the United States. According to the Washington, D.C.-based Center on Budget and Policy Priorities, as of June 2008,…

Against a backdrop exploring the relationships between cultural democracy and nonprofit arts funding policies, this article describes the impact of unwritten arts funding policies that are manifest in tax breaks for individuals, foundations, and corporations as well as federal contributions to nonprofit arts organizations in the United States. We…

New data on institutional saving illuminate U.S. higher education policy questions in a number of different ways. In the data lies a description of how various types of schools are doing financially and whether their present behavior is sustainable. The data complete the picture of the sources and uses of revenue, which helps to pin down the…

Funding public schools is one of the most important functions of states in the United States, provinces in Canada, and local governments in both countries. These two volumes present descriptive information about how state and provincial school-finance systems operated during 1993-94. The volumes consist of two major parts: United States Overview…