Financing Education in a Climate of Change

A text for a beginning course in school finance, with an emphasis on the principle of equalization of educational opportunity. Contains chapters on economics of education, sources of revenue, federal interest in education, public funds and nonpublic schools, accounting and auditing, and human resources. Includes chapter summaries and projects. This seventh edition is updated with current court cases and legislative mandates. Annotation c. by Book News, Inc., Portland, Or.

In 1994, Congress passed the Improving America's Schools Act. Thereafter came the AMERICA 2000 and GOALS 2000 plans, and the President's ten point proposal, "A Call to Action," recommending costly national tests, And now we are witness to school vouchers, a burgeoning number of charter schools, and the privatization of school districts. The common link among these educational policies, recommendations and changes is finance. This book explores the all-important subject of educational finance through scrutiny of both the past and present. This comprehensive book examines school finance, encompassing the historical, economic, and legal perspectives. An excellent reference guide, the book is written simultaneously in both a scholarly and reader-friendly manner. Other topics covered include lotteries, choice, vouchers, risk-management, business issues for principals, and the equity issue as it relates to the individual school. Educational administrators, teachers, school board members, legislators, and business administrators.