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Financing Education Equitably & Sources of Revenue - Essay Example


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Financing Education Equitably & Sources of Revenue

The most commonly used method to ensure equity in disbursement of education funds is measuring the differences in per-pupil revenues among district schools in a state. The most challenging problems that the state faces are ensuring equity and enough education funds allocation among the district schools. Different states have different mechanisms of allocating their funds to district schools. For the states to do away with the problem of considerable variation between the school districts, they had to offer state support based on these different school needs. The needs ranged from the time requirement or in terms of teachers that a given school requires. The following is some of trends used in measuring district school’s wealth. First, flat grant, which refers to, an equal amount of funds allocated to every school in the district. Wealthier states are capable of maintaining small classes, which mean more, students’ aid per student as compare to poor states provide large classes. Secondly, foundation program, which calls for the states to tax the local property a certain amount and therefore, ensuring that each district will receive minimum per-student revenue. If the state, is not able to provide a sufficient amount the state contributes the rest. Thirdly, the state may choose to use to reward for effort method as a measure of school wealth in the districts. The method aims at ensuring equal burden among the tax payers in the state. The method of equalizing may be based on the percentage

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or the yield guaranteed by a state. Another common measure of district school wealth is seeking the effect of a combined approach method employed by some states in the allocation of funds. Some states combine foundation program which is the basic method to all states, with other methods such as; reward for effort program, flat grant amongst others. This is because at a certain level, foundation program will require funds from the local property taxes and that the districts should be free to make their tax rates flexible. Measuring the wealth in regard to its category is also a way of determining district school wealth. This aims at achieving equal states support as different district has varied financial needs. Weighing pupils’ weight may also be a way of measuring district school’s wealth, since weighted student count applies in the foundation or reward for effort program in the allocation of funds. The pupil weight method is appropriate since it considers differences in school needs and district school wealth differences. There are several limitations in application of measurement methods which poses problems. Measuring equity in terms of the differences of per-pupil revenue in a state is discriminative, since some states end up with higher funding equity than others. This is because wealthy states provide small class sizes whereas poor states have got large class sizes. The states also face the problem since they have to meet the expectations of a large number of school districts. The ability of the foundation program to be effective in ensuring equality in fund disbursement depends on how the plan set up into action. In addition, the equality efforts by foundation method may be a hoax in that differences in state wealth requires them to select their tax rates. At last the per-pupil revenue requirement may not be met thus leading to a disadvantage. Other methods of funds allocation to districts


Name: Course: Instructor: Date: Abstract The purpose of this paper is to examine the wealth of district schools, and the apparent measurement trends that affect school financial formulas. Additionally, it looks at the problems associated with measurement formulas, the school financial equitability and sources of revenue…
Author : hveum
Financing Education Equitably & Sources of Revenue
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