Texas has had its Robin Hood school financing system in place since 1993, when the legislature adopted the system in response to a state supreme court order to equalize state spending on public schools. Under the arrangement, any district that has taxable property values exceeding $305,000 per student is not allowed to keep all of its property-tax…

Vermont's Act 60 is arguably the most equitable school funding system in the nation. However, it is also one of the most controversial. The disputes are primarily focused on the recapture provision that sends excess revenues from property-rich towns to the state's education trust fund. After a 4-year implementation period, the system is now in its…

To improve the equity of Vermont's school finance system, the state legislature passed Act 60. This new funding mechanism is described, with a focus on the equity issues raised by the state supreme court. A court's decision struck down substantial dependence on local property taxes to provide revenue for local school districts. The report reviews…

Examines the consequences of Vermont's effort to equalize school funding so that no district could spend more on its children than another district, exploring the ways in which this approach has lessened education for many, rather than improving education for the disadvantaged. Emphasizes strong public opinion about property taxes and school…

Vermont's Act 60 received national attention not only because of the controversy surrounding the sharing pool (or recapture provision) but also because of its "potential for being the most equitable system in the country." For fiscal years 1998 to 2001, tax rates have become more equitable, and a direct relationship has appeared between…

To provoke public discussion about the role state aid should play in Vermont public education and to make a case for a state aid system structured on the broad principles of equal opportunity, fair tax burdens, and adequate funding levels, this booklet examines Vermont's system of school finance, attempting to highlight its history and its present…