Elements of Property Wealth and Educational Expenditures in Illinois.

Autor/inn/en	Lows, Raymond L.; Ho, Fanny
Titel	Elements of Property Wealth and Educational Expenditures in Illinois.
Quelle	(1988), (27 Seiten)Verfügbarkeit
Sprache	englisch
Dokumenttyp	gedruckt; Monographie
Schlagwörter	Educational Economics; Educational Equity (Finance); Elementary Secondary Education; Expenditure per Student; Finance Reform; Financial Needs; Financial Policy; Fiscal Capacity; Politics of Education; Property Appraisal; Property Taxes; Resource Allocation; School Support; Tax Allocation; Tax Rates; Illinois + Suchen Sie Ihr Suchwort? Bildungsökonomie; Financial reform; Finanzreform; Fiscal policy; Finanzpolitik; Finanzmittel; Educational policy; Bildungspolitik; Ressourcenallokation; Schulförderverein; Steuerentlastung; Steuergruppe
Abstract	This study examines the relationships between various elements of property wealth and operating expenditures per pupil by types of school district--elementary (K-8), high (9-12), and unit (K-12). Elements of property wealth were defined as the equalized assessed valuation per pupil for each of the following property tax classifications: residential, farm, commercial, industrial, railroad, and minerals. Data for this study were compiled from computer tapes supplied by the Illinois Department of Revenue, Property Tax Division, for tax years 1980-1984 and by the Illinois State Board of Education for FY82 through FY86. Results are reported for the distribution of component property wealth, the rate of growth in component property wealth, the distributional inequities of component property wealth among school districts, and the relationship between operating expenditures per pupil and component property wealth. Findings suggest (1) distributional inequities in residential and farm valuation percentages between unit and dual school district territories; (2) differences between farm valuation decline and corporate personal property replacement valuation increase; (3) distributional inequities of industrial, farm, railroad, and mineral valuations in each district type; and (4) property valuations for farm and industrial properties as strong predictors of operating expenditures per pupil. Implications of these findings are discussed for future revisions in the system of funding public education in Illinois. Tables and pie charts are included throughout. (TE)
Erfasst von	ERIC (Education Resources Information Center), Washington, DC