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"Stability and Equity in Education Finance Formulas"
William Fox, Matthew Murray, and Patricia A. Price
Journal of Education Finance, Spring 2002, pp. 1013-1027.
The Basic Education Program passed by the Tennessee General Assembly more than a decade ago created many changes in the state's K-12 education system, not the least of which was a newly designed funding formula. This article examines the stability of revenue flows to local education agencies influenced by the funding formula. The authors found that three inputs of the BEP funding formula--the cost differential factor, the number of students, and the fiscal capacity index--caused between 38 and 79 local education agencies out of 138 to experience decreases in revenue for the years 1993 to 1997. The authors offer three ...
Source: HighBeam Research, Education Finance. (From the Library).(Journal of Education Finance,...