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Financing Education in a Climate of Change, 13th edition

  • Vern Brimley
  • Deborah A. Verstegen
  • Robert C. Knoeppel

Published by Pearson (January 14th 2019) - Copyright © 2020

13th edition

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Overview

A user-friendly, practical examination of the issues impacting education finance today
Retaining the practical tone and superior presentation that made the previous editions best sellers, this new edition of Financing Education in a Climate of Change presents the most up-to-date information and material available in the dynamic field of school finance. Easy-to-understand tables and figures, thought provoking end-of-chapter assignments, new chapter learning objectives, and practical budget and accounting examples help readers gain a firmer understanding of all facets of financing education. The 13th Edition adds information on classic and current topics, including 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.

Table of contents

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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