School Finance
School Finance
This chapter illustrates the decision-making process by looking at three key decisions concerning financing: Should the central policy makers provide more funds to certain local governments than to others to compensate for differences in the cost of schooling or the needs of students? If so, how much more? Should local governments be allowed to supplement funds from the central government through taxes or other means? And should local governments have autonomy to determine how to spend the money they receive from the central government, or should the central policy makers dictate how the money is to be spent?
Keywords: school financing, school funding, local autonomy, disadvantage, equity, adequacy
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