A strategy for allocating merit-based awards and need-based aid is critical to a university. Such a strategy, however, must address multiple, sometimes competing objectives. We introduce an approach that couples a gradient boosting classifier for predicting outcomes from an allocation strategy with a local search optimization algorithm, which…

This report is a longevity, simulational study that looks at how the ratio of state support to local support effects the number of school districts that breaks the common school's funding formula which in turns effects the equity of distribution to the common schools. After nearly two decades of adequately supporting the funding formula, Oklahoma…

Previous research has shown that Tax Revolt Provisions (TRPs) aimed at limiting state government revenues and/or expenditures, negatively impact public higher education funding. This analysis explores the influence of these same types of policies on average in-state undergraduate tuition and fees at public four-year colleges and universities.…

(Purpose) The purpose of this study was to examine the correlation between certain characteristics of US states and their budgeting systems for higher education (HE), and to derive implications for Japanese HE budgeting policy from the results. (Methodology) The US's State Higher Education Executive Officers (SHEEO) conducted a 30-item…

Like most other state and local government employees, teachers participate primarily in defined benefit pension plans whose benefits are based on final average salaries and length of service. Such pensions have been replaced in many private sector firms by defined contribution pensions. A number of questions have arisen about the feasibility and…

The tension at the heart of pension politics is the incentive to address today's claimants and focus on the here-and-now at the expense of long-term concerns and more dispersed constituencies. In the private sector, rules and regulations seek to tame corner-cutting and short-sighted behavior. In the public sector, the primary safeguard is the…

This report identifies the finance data needs of states facing school finance litigation or seeking to avoid it altogether. The article addresses the following key questions: What issues are prominent in the "new wave" of school finance litigation? and What are the core finance data needs of states seeking to address these issues? The materials…

How does one tell which higher education institutions should go out of business? The National Commission on the Financing of Post-Secondary Education took the view that financial distress was only in part a financial problem. An essential key to the problem is a determination of the financial impact on educational objectives. Institutional…

Policy discussions about teacher quality and teacher "shortages" often focus on recruitment and retention of young teachers. However, attention has begun to focus on the incentive effects of teacher retirement benefit systems, particularly given their rising costs and the large unfunded liabilities. In this paper we analyze accrual of…

There is significant interest in reforming retirement plans for public school employees, particularly in light of current market conditions. This paper presents an overview of the various types of state regulation of public pension plans that affect possibilities for reform. Several states have legal protections that effectively prevent a state…

Forty-six percent of Washington's state operating budget is devoted to K-12 education. This paper provides an overview of key features of Washington's school finance system. It examines sources and levels of revenues and expenditures for K-12 public education and outlines major principles of Washington's revenue distribution system. An examination…

Formula funding in Illinois reflects decisions on value choices which can be grouped in the categories of enrollment linkage, mission and diversity recognition, equity and fair share, and quality and program improvement. The enrollment linkage of the Illinois formula ties credit hour grants and categorical programs directly to full-time equivalent…

This paper examines some general principles affecting the timing, extent, and direction of fiscal changes in public school finance systems. To develop a framework that is applicable to a wide variety of states, the analysis concentrates on two dimensions: allocation and distribution. The median voter model and the fiscal neutrality model of state…

Issues in educational finance in elementary-secondary education for the 1990s are examined in this paper, which asserts that demographic and economic changes have increased the need for additional resources in education. Recent fiscal trends include an increase in resource inequities among the states and a mismatch between resource needs and…

This paper discusses selected techniques for measuring equity in a state school finance system and focuses on the distribution of fiscal outcomes among school districts in Pennsylvania. Measures of dispersion, measures of relationship, and winners-losers ratios are demonstrated with data from a small sample of school districts. Data from a…