Making money matter: financing America's schools
National Academy Press, 1999 - Education - 352 pages
The United States annually spends over $300 billion on public elementary and secondary education. As the nation enters the 21st century, it faces a major challenge: how to best tie this financial investment to the goal of high levels of achievement for all students. In addition, policymakers want assurance that education dollars are being raised and used in the most efficient and effective possible ways. The book covers such topics as: -- Legal and legislative efforts to reduce spending and achievement gaps.-- The shift from "equity" to "adequacy" as a new standard for determining fairness in education spending.-- The debate and the evidence over the productivity of American schools.-- Strategies for using school finance in support of broader reforms aimed at raising student achievement.This book contains a comprehensive review of the theory and practice of financing public schools by federal, state, and local governments in the United States. It distills the best available knowledge about the fairness and productivity of expenditures on education and assesses options for changing the finance system.
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SETTING THE STAGE
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accountability adequacy adequate adjustments American approach areas assessment at-risk average Brookings Institution California challenges changes Chapter charter schools choice classroom committee costs court decisions Department of Education designed differences disadvantaged students disparities economic educa Education Statistics education system educational opportunities educational productivity effects efficiency efforts enrollment equal equity evaluation evidence expenditures families funding goal Hanushek Hispanics impact improve incentives income tax increase inequality inputs investments issues Ladd learning legislative measures ment National Research Council NCES needs Odden parents per-pupil spending percent policy makers private schools programs property tax public schools raising reduce require role sales tax school choice school districts school finance reform school finance systems school reform Serrano special education standards strategies student achievement students with disabilities studies tax base teacher quality teaching test scores Theil index tion tional U.S. Department U.S. Supreme Court urban urban districts vouchers Washington