School Finance Capitalization [microform] / Aaron S. Gurwitz
- Bib ID:
- 5392287
- Format:
- Book and Microform
- Author:
- Gurwitz, Aaron S
- Description:
-
- [Washington, D.C.] : Distributed by ERIC Clearinghouse, 1980
- 43 p.
- Summary:
-
Residential areas with low property tax rates are more desirable than those with high tax rates, and school districts that have a high rate of expenditure per pupil are more attractive to parents than those with low rates of expenditure. For these reasons, the financial characteristics of a school district influence the value of housing in the district. Changes in the fiscal conditions of districts brought about through school finance reform will lead to changes in the housing values relative to other districts. These capitalization effects have three implications for the analysis of school finance systems. First, to the extent that housing prices adjust perfectly, compensating residents of low wealth districts for their school finance disadvantages, the system is not characterized by horizontal inequity despite earlier assumptions. Second, since the well-being of households is relative to the fiscal conditions in several neighboring districts, all of those districts must be analyzed to determine the impact of alternative school finance systems on vertical equity. Finally, recapitalization effects are likely to influence the cost of reform to the state. That is, state equalization aid will lead to changes in the relative housing values and tax bases of the districts affected by the aid. (Author/PGD)
- Notes:
-
- Availability: The Rand Corporation, 1700 Main St., Santa Monica, CA 90406 ($3.00).
- Sponsoring Agency: Ford Foundation, New York, NY.
- Contract Number: 780-0658.
- May also be available online. Address as at 14/8/18: https://eric.ed.gov/
- Reproduction:
- Microfiche. [Washington D.C.]: ERIC Clearinghouse microfiches : positive.
- Subject:
- Other authors/contributors:
- Rand Corp., Santa Monica, CA
- Available From:
- ERIC
- Copyright:
-
In Copyright
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Copyright status was determined using the following information:
- Material type:
- Literary Dramatic Musical
- Published status:
- Published
- Publication date:
- 1980
Copyright status may not be correct if data in the record is incomplete or inaccurate. Other access conditions may also apply. For more information please see: Copyright in library collections.
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