Presents a portfolio model for management principles that can be applied to state and local government tax structures to determine how governments can minimize tax variability for any desired rate of growth of revenues and apply the principle to the issue of funding education. (Author/MD)

This paper analyzes obstacles to educational equity by focusing on state policies and local actions in Massachusetts from 1978 to 1983. Three obstacles are examined in particular: conflicting state-level priorities, the tax revolt movement, and local autonomy. (TE)

This study attempts to understand educational priorities through an investigation of budget choices made by 46 Oregon school districts. Two-thirds of the sample districts did not experience stringent fiscal constraint; the remainder showed budget allocation patterns favoring instruction at the expense of administrative and other areas. Includes 20…

This article reviews the current status of school finance in California in the aftermath of Proposition 13 and the Serrano v. Priest decision (which required determination of school funding on some basis other than district property wealth). Specific trends and directions regarding reform issues of the future are identified. (TE)