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Brazer, Harvey E.; McCarty, Therese A. – Economics of Education Review, 1986
Municipal overburden hypothesizes a causal relationship between high levels of nonschool municipal expenditure (due to high population density, aged housing stock, and other demographic factors) and low school spending levels. This article disproves the hypothesis by estimating demand for education expenditures using a median voter model. Includes…
Descriptors: Budgeting, Educational Economics, Elementary Secondary Education, Expenditures
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Toenjes, Laurence A. – Journal of Education Finance, 1986
The current Illinois school finance formula fails to bring very wealthy districts within acceptable equalization bounds. Manipulating tax rates of wealthy and other districts is unacceptable or financially unfeasible. This paper proposes a two-stage process requiring state equalization at the county level, followed by equalization within each…
Descriptors: Educational Equity (Finance), Educational Finance, Elementary Secondary Education, Funding Formulas