Literaturnachweis - Detailanzeige
Autor/inn/en | Schmidt, Stephen J.; Scott, Karen |
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Titel | Reforming Reforms: Changing Incentives in Education Finance in Vermont |
Quelle | In: Education Finance and Policy, 1 (2006) 4, S.441-464 (24 Seiten)Infoseite zur Zeitschrift
PDF als Volltext |
Sprache | englisch |
Dokumenttyp | gedruckt; online; Zeitschriftenaufsatz |
ISSN | 1557-3060 |
DOI | 10.1162/edfp.2006.1.4.441 |
Schlagwörter | Incentives; Taxes; State Legislation; Educational Finance; Funding Formulas; Resource Allocation; School Support; Educational Equity (Finance); Equal Education; Financial Policy; Educational Policy; Policy Analysis; Economics; Program Effectiveness; School District Wealth; Finance Reform; Equalization Aid; Vermont |
Abstract | In 1997, Vermont passed Act 60, which reformed its education finance system to achieve greater equality of spending. The reform encouraged wealthy towns to reduce spending; it was politically unpopular and was replaced, in 2004, by Act 68. We analyze the spending incentives created by the two acts and estimate the effects the change will have on spending inequality. Act 68 reduces tax prices for education spending in all towns, but reduces them disproportionately for wealthy towns. It increases education spending in Vermont but also increases inequality of spending. Because spending is inelastic with respect to tax prices, the increase in inequality is small relative to existing inequality. Our findings demonstrate that understanding the way towns respond to financial incentives, economically and politically, is critical in designing successful reforms. They suggest that it is difficult to maintain finance systems that give wealthy towns strong incentives to spend less or subsidize poorer towns. Using state revenues to subsidize schools achieves nearly as much equality as more explicit attempts to force wealthy districts to share resources. (As Provided). |
Anmerkungen | MIT Press. 55 Hayward Street, Cambridge, MA 02142. Tel: 617-253-2889; Fax: 617-253-1709; e-mail: journals-rights@mit.edu; Web site: http://www.mitpressjournals.org/loi/edfp |
Erfasst von | ERIC (Education Resources Information Center), Washington, DC |
Update | 2017/4/10 |