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Financing Education in a Climate of Change, 13th edition

Published by Pearson (July 15, 2021) © 2020

  • Vern Brimley Brigham Young University
  • Deborah A. Verstegen
  • Robert C Knoeppel
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Financing Education in a Climate of Change presents the most up-to-date information in the dynamic field of school finance. Easy-to-understand tables and figures, thought-provoking assignments, and practical budget and accounting examples help you gain a firm understanding of all facets of financing education.

The 13th Edition adds information on classic and current topics. It looks at the economics of education; recent court decisions; 50-state comparison tables; state taxes; and the ongoing debate about school vouchers, tax credits, church-state issues, and charter schools.

  1. The Economics of Education
    • Education as Human Capital
    • Creation of Wealth and Education
    • Education: An Important Industry
    • A Public-Sector Responsibility
    • Economics and Social Progress
    • Economic Benefits of Education
    • Noneconomic Benefits of Education
    • Cost-Quality Relationship in Education: Does Money Matter?
  2. The Need for Adequate Funds
    • Adequacy and the Factors Impacting It
    • Education Deserves High Priority
    • The Public Wants Good Schools
    • The Increasing Costs of Education
    • Spending on Education and the Size of the Enterprise
    • Impacts on the Cost of Providing an Adequate Education
    • What is the Cost of an Adequate Education?
    • A Failure to Provide Opportunity and Associated Costs
    • Society Suffers the Effects of Poor Education
  3. Financing Education Equitably
    • Inequalities in Financing Education
    • Equity: An Objective of School Finance Reform
    • Measures of School District Wealth
    • Income Tax
    • Historical Influences on Equity
    • The Equalization Principal
    • Improving State Equalization Practices
    • Foundation Programs and Variations
    • The Impact of Average Daily Attendance on Equity
    • The Changing Climate and Current School Finance Practices
  4. Patterns for School Finance Systems
    • Developing Patterns
    • Determining the Best Finance Plan
    • Full State Funding
    • District Power Equalization
    • Property Reassessment and Local District Revenues
    • Emphasis on Weighting Factors
    • Principal Types of Weights
  5. Sources of Revenue
    • Education- Financed by Government
    • The Taxation System
    • Characteristics of a Good Tax System
    • Taxes for Education
    • Income Tax
    • Sales Tax
    • Property Tax
    • Excise Tax
    • Severance Tax
    • Other Funding Sources
    • Potential New Taxes
  6. Education: A State Function
    • Early Development of State Responsibility
    • Development of Decentralized Educational Systems
    • Development of School Finance Policies
    • Developmental Stages of School Finance
    • The Varying State Programs
    • State Ability to Support Education
  7. Eroding Local Control
    • Changing Rural-Urban Influence on Education
    • Basic School District Administrative Units
    • The Administration of Local School Districts
    • Advantages of Local Control
    • Fiscal Independence of School Districts
    • Trends in Local Taxation Practices
    • Measures of Local Taxpaying Ability
    • Local, State, and Federal Tax Responsibility
  8. Federal Interest in Education
    • Federalism
    • Historical Role of the Federal Government
    • U.S. Department of Education
    • Constitutional Role
    • Block Grants, Categorical Aid, and General Aid
    • Federal Expenditures
    • Fiscal Advantages and Disadvantages
    • Increased Government Service
    • The Future of Federal Aid to Education
  9. The Influence and Climate of the Courts
    • Three Waves of School Finance Litigation
    • The First Wave of School Finance Litigation
    • The Second Wave of School Finance Litigation
    • The Third Wave of School Finance Litigation: A Shift from Equity to Adequacy?
    • Second-Generation Adequacy Cases
    • Impact of School Finance Litigation over Time
    • Pressure for Reform
    • Finance Reform or Tax Reduction?
    • Court Decision Guidelines
  10. Public Funds and Nonpublic Schools
    • History
    • Educational Choice
    • The Law and Church-State Relations
  11. Financing School Facilities
    • The Need
    • Early Capital-Outlay Programs
    • Capital-Outlay Court Decisions
    • State Support
    • Equity in Financing Educational Facilities
    • The Federal Government and Capital Outlays
    • Capital-Outlay Finance Plans
    • School Bonding Practices
    • Other Alternatives
    • Impact Fees
    • Sales Taxes
    • Future Policies for School Facilities
  12. Administering the District and School Budget
    • Evolution of Budgetary Practices
    • Development of a Systems Approach to Budgeting
    • District and School Budgetary Approaches
    • District-Level Budgetary Practices
    • Administering the District Budget
    • School/District Coordination
    • Budgeting at the School Level
    • Challenge of Leadership
  13. Accounting and Auditing
    • The School Accounting System
    • The Changing Accounting Environment
    • Comprehensive Annual Financial Report
    • Characteristics of Governmental (Fund) Accounting
    • Encumbrance Accounting
    • Cost Accounting
    • Accrual Accounting
    • Receiving and Depositing Funds
    • Expending School Funds
    • Auditing
    • Protecting School Funds
  14. Business Aspects of the School Community
    • Increased Safety Hazards
    • The Business Office
    • Supplies and Equipment
    • Purchasing
    • Supply Management
    • Risk Management
    • Transportation
    • School Food Services
  15. Human Resources and School Finance
    • The Expanded Role of Human Resources Administration
    • Teacher Compensation
    • Certification
    • Pay-for-Performance— Merit Pay
    • Additional Issues
    • Teachers and School Finance
    • The Changing Assignments of Teachers
    • Administrative and Supervisory Salaries
    • Noncertified Personnel Salaries
    • Payroll Policies and Procedures
    • Government Influence
  16. The Road Ahead in School Finance
    • The Future of Public School Finance
    • Unresolved Issues
    • Some Characteristics of Educational Structure
    • School Finance Goals
    • The Challenge
    • Some Characteristics of Educational Structure
    • School Finance Goals
    • The Challenge

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