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Carson, Warren B.; Hou, J. Dan – 1977
The equalization formula used by 81 percent of Illinois school districts to compute their state aid was designed to meet the requirement of fiscal neutrality established in Serrano v. Priest. However, the inclusion of the operating tax rate in the resource equalizer formula tends to help income-rich school districts more than income-poor…
Descriptors: Elementary Secondary Education, Equalization Aid, Finance Reform, School Districts
Download full textHou, J. Dan; Carson, Warren B. – 1977
Under Illinois revenue equalizer school finance formula, school districts with the same operating tax rate are guaranteed the same operating expenditure level. However, with other factors held constant, it is harder for relatively low-income districts to pass referenda to raise their operating tax rates in order to gain a higher operating…
Descriptors: Assessed Valuation, Educational Finance, Elementary Secondary Education, Equalization Aid
