Do Tax Abatements "Impair" the Financing of Local Public Education.

Autor/in	Wendling, Wayne R.
Institution	Upjohn (W.E.) Inst. for Employment Research, Kalamazoo, MI.
Titel	Do Tax Abatements "Impair" the Financing of Local Public Education.
Quelle	(1981), (40 Seiten) PDF als Volltext kostenfreie Datei Verfügbarkeit
Sprache	englisch
Dokumenttyp	gedruckt; online; Monographie
Schlagwörter	Recht; Quantitative Daten; Educational Finance; Elementary Secondary Education; Financial Needs; Financial Problems; Industry; Local Issues; Public Schools; School Business Relationship; School Districts; School Support; Tax Allocation; Tax Credits; Tax Effort; Michigan + Suchen Sie Ihr Suchwort? Bildungsfonds; Industrie; Public school; Öffentliche Schule; School district; Schulbezirk; Schulförderverein; Steuerentlastung; Steuerermäßigung
Abstract	This study discusses whether two tax programs instituted by local communities in Michigan to generate local economic activity have adversely affected local public elementary and secondary school financing. Analysis of the effects on school funding of The Plant Rehabilitation and Industrial Development Law of 1974 and its expansion in Act 255 of the Public Acts of 1978 is made difficult, according to the author, by inconclusive evidence as to the effectiveness of tax abatements in inducing growth of the tax base, and by the lack of an operational definition of what constitutes "impairment" of financial soundness. A general analysis of the Michigan Operating Aid Formula and of the situation for nine Kalamazoo County school districts indicates that while tax abatements do not appear at present to have impaired the financial soundness of most school districts, in the long run the question of impairment hinges on the state aid formula reflecting the increasing costs of public services. Continued reliance on the state aid formula to forestall impairment is, the author concludes, a poor substitute for a rational policy on the use of tax exemptions. (JBM)
Erfasst von	ERIC (Education Resources Information Center), Washington, DC