Leading-edge states, districts, and unions are beginning to implement knowledge- and skills-based pay systems for teachers. PRAXIS and other performance assessment tools are described, along with sample assessment and salary schedule combinations. Effective principal leadership and yearly bonuses between $1,500 and $3,000 ensure sufficient…

Argues that standards-based education reform has shifted the focus of school finance from equity to adequacy. Requires an explicit connection between the funding provided to schools and the results produced in terms of student learning. (Contains 19 references.) (MLF)

Reviews school finance changes through the 1970s and 1980s and outlines key 1990s issues, including basic school finance reforms linked with state or national educational goals; site-based management and budgeting; teacher compensation; accountability systems tied to student performance; public school choice; and nontraditional issues such as…