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Venters, Tommy R.; Schoppmeyer, Martin W. – 1986
Amendment 59 to the Arkansas Constitution established three kinds of taxable property (real, personal, and utility) and prescribed different reassessment and millage rollbacks for each. This has led to a lack of revenue growth from any source except real property. Because more funds are needed to implement new state standards in the schools, 12…
Descriptors: Assessed Valuation, Change Strategies, Constitutional Law, Educational Equity (Finance)
Download full textSchoppmeyer, Martin W. – 1997
The Arkansas school finance equity suit titled "Lakeview vs. Tucker" was heard in 1994, and the state funding formula was declared unconstitutional. With much difficulty, a new law was passed to combine a number of previously categorical funds into the instructional budget. However, the constitutionality of the new law remains in…
Descriptors: Budgeting, Categorical Aid, Constitutional Law, Educational Administration
