publication . Article . 2009

The equity of school facilities funding: Examples from Kentucky.

William J. Glenn; Lawrence O. Picus; Allan Odden; Anabel Aportela;
Open Access
  • Published: 01 Aug 2009 Journal: education policy analysis archives, volume 17, page 14 (eissn: 1068-2341, Copyright policy)
  • Publisher: Education Policy Analysis Archives
Abstract
<jats:p>While there is an extensive literature analyzing the relative equity of state funding systems for current operating revenues, there is a dearth of research on capital funding systems. This article presents an analysis of the school capital funding system in Kentucky since 1990, using the operating-revenue analysis concepts of horizontal equity, vertical equity, and fiscal neutrality. In general one could tentatively conclude that Kentucky’s capital-funding system was reasonably equitable until an expansion of district options in 2003–04 was followed by greater measures of inequity. This analysis points to specific methods for Kentucky to restore equity t...
Subjects
free text keywords: Public administration, Public economics, Revenue, Educational finance, Economics, Venture capital, Neutrality, Private equity firm, Equity (finance), State government, Equity capital markets, equity, adequacy, school funding, school construction, Kentucky, Education, L
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