One distinction between the markets for corporate and municipal bonds involves institutional constraints that apply to some municipal bond issues. This research focuses on how public finance institutions, in particular explicit debt limits and referenda requirements, affect the borrowing cost of individual school district bond issues. The…

Past reports by the Center for Evaluation & Education Policy (CEEP) have sought to examine various aspects of Indiana public school funding such as the mechanisms for funding, school revenues and expenditures, as well as numerous other reports whose subjects have implications on school and program funding. This report focuses on another…

Using logistic regression, this study sought to understand the relationship between district characteristics, district finances, levy characteristics, and campaign expenditures with new operating levy outcomes. We found that employee benefits as a percentage of the district's budget were negatively associated with levy outcomes, while salaries…

In the late 1600s, British physicist Sir Isaac Newton first demonstrated refraction and dispersion in a triangular prism. He discovered that a prism could decompose white light into a spectrum. Hold a prism up to the light at the correct angle and white light magically splits into vivid colors of the rainbow! So what do prisms and rainbows have to…

As noted in "School Referenda in Indiana", the contributing factors to school referenda outcomes are often subject to the individual communities; while a referendum with a high requested tax rate increase might fail in one community, the same referendum might pass in another. Despite this factor, there often are notable trends and…

The May primary election added seven school district referenda to the total number occurring in Indiana since 2008, three of which passed and four of which were rejected by voters. In the 2011 primary election, there were five General Fund referenda and two construction referenda. Of General Fund referenda, two passed (Crown Point Community School…

Many school districts are in need of a successful plan of action for school district referendums. The purpose of this descriptive study was to determine the perceived effectiveness between factors and strategies surrounding referendums and the passage of those measures meant to improve school funding and facilities. The findings from Johnson and…

Ipswich, with about 2,200 students, is one of the many school districts in Massachusetts. Ipswich is governed by an open town meeting at which every registered voter may speak and vote. Budgets in Ipswich are highly detailed public documents in which every salary, classroom, and operating expenditure is identified. The budget book provides…

EdSource's annual public education budget report, "School Finance 2006-07: State Leaders Settle Up with Education," offers a comprehensive look at this year's funding decisions for schools, recent budget history, and how the state's schools are funded. In contrast with last year's budget battles, the process for 2006-07 notably lacked…

Cleveland voters soundly rejected a levy intended to bolster the school district's finances, a move widely interpreted as a referendum on the performance of its leader, Barbara Byrd-Bennett. Two-thirds of the voters who turned out for the Aug. 2 special election cast their ballots against Issue 3, which would have raised more than $45 million to…

Underlying the very heated debate over California's education budget for 2005-2006--and the battle over Proposition 76 on the November ballot--were two very different perspectives on school funding. These fundamental differences in perspective can stymie efforts to effect meaningful change. However, the Governor's Advisory Committee on Education…