This paper analyzes how changes in school expenditures affect dropout rates based on data from 466 school districts in New York during the 2003/04 to the 2007/08 school years. Past traditional regression approaches show mixed results in part because school expenditures are likely endogenous, so that one cannot disentangle cause and effect. The…

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…

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…

The results of a statistical analysis of 498 school districts are analyzed in terms of the fiscal responsibility of school boards. Since a method of budget approval is being examined, the criterion adopted (composite fiscal performance) is one that measures the performance of the school board in obtaining funds to operate the schools. Composite…

This report discusses the dispute in Arizona over the 1967 legislation regulating educational finance and offers alternatives to that legislation. The document describes factors and issues relevant to an understanding of the present dispute, defines accepted principles of educational finance, provides factual information about Arizona's support of…

Points up the need to run school district accounting along the lines of a multimillion dollar business. Criticizes lack of encouragement for managers to economize on budgets, lack of employee incentive programs, and regulations which make it difficult to dismiss nonproductive employees. A questionnaire assists administrators to detect flaws in…

The ways in which the following three factors influence a large-city school district's "fiscal performance" are investigated: (1) The educational and occupational status of school board members, (2) the effect of public vote on the budget, and (3) the effect of the size of the school district. A regression of certain budget approval variables,…

After experiencing two budget defeats by voters, a central New York State school district developed a three-year plan to get spending in line with revenues. Through the use of community outreach strategies, a budget committee, and town meetings, the district received a 63 percent budget approval vote. (MLF)

School budget problems are discussed in 13 chapters, and solutions are suggested. Case studies present successful experiences with various problems while brief subsections summarize recommended actions. The first two chapters note that budget problems are worsening and trace the causes to tax revolts, state involvement in education, and the…

This report represents data collected by a mail survey comparing budgets, levies, and enrollments of small, rural schools (Class "C") in Montana for fiscal year 1991-1992. The average enrollment of 82 elementary schools was 128 students; the average enrollment of 82 high schools was 58. The average total enrollment of Class "C"…

Cross-sectional analysis of 1971-1972 budget elections and expenditure data in 111 large K-12 school districts in Oregon indicates that the "agenda control" and "fiscal illusion" models predict expenditure levels better than the standard "median voter" model. The median voter model assumes that district expenditures…

Citizens need to understand and control how their money is used in local public schools. District publications and records probably contain the answers to many of the questions concerning local education spending. This booklet was designed to unravel the mysteries surrounding budget proposals and increased spending. Accordingly, part 1 explains…

This report presents data comparing budgets, levies, and enrollments of small, rural schools (Class "C") in Montana for fiscal year 1994-95. The average enrollment of 56 elementary schools was 136 students; the average enrollment of 56 high schools was 70 students. The average total enrollment of Class "C" schools was 190…