This report combines a theoretical study of state school aid programs with an empirical study of school districts' responses to such programs. The author's theoretical investigation of existing systems of general state aid to school districts suggests two propositions: school districts do not maximize an ordinary utility function in the light of…

In this policy statement adopted by the Vermont Higher Education Planning Commission, the cultural and economic benefits of higher education to the state are discussed. A growing financial problem affecting student access and the health of both public and private institutions is identified. Declining state financial support of higher education as…