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| Each chapter concludes with "Summary," "Assignment Projects," "Selected Readings," and "Endnotes." | |
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| Preface | |
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| The Economics of Education | |
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| Economics and Social Progress | |
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| Education: An Important Industry | |
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| Equity versus Equality | |
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| Resource Allocation to Education | |
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| Education as Human Capital | |
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| Creation of Wealth and Education | |
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| Increasing Expenditures and the Economy | |
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| Noneconomic Benefits of Education | |
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| Education Produces External Benefits | |
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| Cost-Quality Relationship in Education | |
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| Financing Education Adequately | |
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| Education Deserves Higher Priority | |
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| The Increasing Costs of Education | |
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| The Consequences of Not Educating People | |
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| Education and Accountability | |
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| Underinvestment Is Poor Economy | |
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| Education's Share of the Gross Domestic Product | |
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| Financing Education Equitably | |
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| Inequalities in Financing Education | |
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| Equity Issue Revisited | |
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| Equity: An Objective of School Finance Reform | |
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| Equity at the School Level | |
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| Measures of School District Wealth | |
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| Historical Influence on Equity | |
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| Local District Funding | |
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| The Equalization Principle | |
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| Improving State Equalization Practices | |
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| Foundation Program Variations | |
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| The Impact of Average Daily Attendance on Equity | |
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| Confusion in Current School Finance Practices | |
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| Patterns for Developing School Finance Systems | |
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| Concern for Equal Rights | |
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| Full State Funding | |
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| District Power Equalization | |
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| Property Reassessment and Local District Revenues | |
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| Determining the Best Finance Plan | |
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| Equalization of Services | |
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| Emphasis on Weighting Factors | |
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| Principal Types of Weightings | |
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| Sources of Revenue | |
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| The Taxation System | |
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| Characteristics of a Good Tax System | |
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| Criteria for Evaluating Tax Structure | |
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| Taxes for Education | |
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| Property Tax | |
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| Income Tax | |
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| Sales Tax | |
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| Sumptuary Tax | |
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| Severance Tax | |
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| Potential New Taxes | |
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| Lotteries | |
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| Private Foundations | |
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| School-Business Partnerships | |
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| Eroding Local Control | |
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| Diminishing Local Control | |
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| Decreasing Rural Influence on Education | |
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| Decreasing Urban Economic Advantages | |
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| School Districts: Basic Administrative Units | |
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| The Administration of Local School Districts | |
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| Local Fiscal Control | |
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| Advantages of Local Control | |
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| Fiscal Independence of School Districts | |
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| Trends in Local Taxation Practices | |
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| Measures of Local Taxpaying Ability | |
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| Local, State, and Federal Tax Responsibility | |
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| Education: A State Function | |
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| Early Development of State Responsibility | |
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| Development of School Finance Policies | |
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| Development Stages of School Finance Theory | |
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| The Varying State Role | |
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| State Financial Support | |
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| Federal Funds and State Support of Education | |
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| State Ability to Support Education | |
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| Federal Interest in Education | |
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| Historical Role of the Federal Government | |
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| Federal Involvement: A Fluctuating Role | |
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| Federal Expenditures | |
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| Limited Federal Aid: A Reality | |
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| Federal Fiscal Advantages and Disadvantages | |
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| Distributing Federal Funds | |
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| Federal-State-Local Finance Sharing | |
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| Federal Aid in Lieu of Taxes | |
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| Increased Governmental Services | |
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| The Future of Federal Aid-to-Education Programs | |
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| Department of Education | |
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| The Influence and Climate of the Courts | |
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| Courts Often Generate Change | |
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| Courts Decision Guidelines | |
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| Power of the Courts | |
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| Equal Protection and the Courts before 1971 | |
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| Serrano versus Priest (1971) | |
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| Consequences of Serrano | |
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| San Antonio Independent School District versus Rodriguez (1973) | |
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| State Court Cases | |
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| Meeting Court Mandates | |