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Direct linkSchmidt, Stephen J.; Scott, Karen – Education Finance and Policy, 2006
In 1997, Vermont passed Act 60, which reformed its education finance system to achieve greater equality of spending. The reform encouraged wealthy towns to reduce spending; it was politically unpopular and was replaced, in 2004, by Act 68. We analyze the spending incentives created by the two acts and estimate the effects the change will have on…
Descriptors: Incentives, Taxes, State Legislation, Educational Finance
