| Publisher | Illinois State University | ||
|---|---|---|---|
| Format | 988.8KB PDF | Date added | 18 Jun 2003 |
| Topics | Performance Budgeting and Management, Human Capital Management, Financial Management | ||
| Downloads | 5 | ||
Despite the clear trend toward higher standards in education, states have been slow to implement funding systems designed specifically to help students (and schools) reach new standards. The objective of this paper is to provide state governments with tools to help them develop a school finance system that supports students and school districts trying to reach higher performance standards. The paper focuses on a well-known problem, namely, that schools with disadvantaged students must spend more than other schools to meet any given standard. This paper shows how to estimate each district's cost for achieving an adequacy standard and develops a foundation aid formula that adjusts for the higher costs in some districts.
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