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.
Table of Contents
1. Misconceptions about School Finance.
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.