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This text presents the realities of school finance policy, issues, and applications to prepare educational leadership candidates for their future roles as school principals, superintendents, and other administrative positions. Authors William Owings and Leslie Kaplan provide guidance to help administrators understand the general finance and appropriation structure of federal, state, and local government as well as how to formulate and manage school budgets. They also go beyond coverage found in other texts by providing critical analysis and unique chapters on misconceptions about school finance, demographic issues, spending and student achievement, and future trends.
- Chapter 13, "Critical and Merging School Finance Issues," has been thoroughly revised to include coverage of key topics such as health care benefits, pay for performance, domestic partner benefits, charter schools, and virtual education.
- The Texas State Data table (Chapter 6) has been completely revised and moved to the Companion Website so students and faculty can access and manipulate the data.
- New use of a second color adds clarity to tables and graphs and aids comprehension.
- Unique author-prepared supplements include Microsoft® PowerPoint® presentation slides for instructors to use in class, and a website with decision-making simulations.
- Each chapter concludes with a brief case study that requires students to apply chapter concepts.
- This text includes several unique, but essential, chapters on important topic areas: misconceptions about school finance (Chapter 1); demographic issues (Chapter 10); spending and student achievement (Chapter 12); and emerging issues such as charter schools, vouchers, and privatization (Chapter 13).
- Throughout the text, the authors ask students to analyze concepts and issues in the context of their own states and localities.
- Each chapter provides a succinct concept overview of a particular school finance topic, followed by a detailed analysis and discussion. The inclusion of tables, charts, graphs, website references, and discussion questions in each chapter help to make the topic lively, timely, and relevant.
- This text includes the most up-to-date coverage of educational policy (e.g., the impact of Race to the Top) of any book on the market.
- Beginning with the initial chapter on common misconceptions and extending throughout the rest of the text, Owings and Kaplan help students foster their critical analysis skills.
- Unlike most books, which assume a "passive" learner, AMERICAN PUBLIC SCHOOL FINANCE concludes with a call to action for public school administrators to use their knowledge gained about school finance to become articulate and accurate spokespeople for finance reform.
2. History of School Finance.
3. The Legal Framework for Financing Public Education.
4. School Finance as Investment in Human Capital.
5. Taxation Issues.
6. Fiscal Capacity.
7. Fiscal Effort.
8. Equity and Adequacy.
9. The Structure of School Finance Systems.
10. Demographics and School Finance.
11. Budgeting: Applying Policy Values.
12. Spending and Student Achievement.
13. Critical and Emerging School Finance Issues.
"[This text] provides thorough coverage of public school finance and is written in language students can understand. Case studies are excellent. Students often fear a school finance class, but this text allies their fears and gives them a totally different perspective on funding schools."
"[The book is] comprehensive, current, well written, and user friendly for both students and instructors."