School finance: An overview

J. K. Rice, David H. Monk, J. Zhang

Research output: Chapter in Book/Report/Conference proceedingChapter

1 Scopus citations

Abstract

This overview of school finance covers topics encompassing three resource-related functions of school finance - raising revenue, allocating resources, and using resources - and emphasizes new ways of thinking about enduring challenges in the field. Situating school finance in a broad context of educational goals and societal values, this overview describes traditional and contemporary mechanisms for raising revenue, and examines the role of different levels of government. The authors discuss how resources are allocated across education systems, with an emphasis on equity and efficiency considerations in resource-allocation decisions. The article concludes with a set of critical resource-utilization issues that are at the center of current school-finance-policy deliberations.

Original languageEnglish (US)
Title of host publicationInternational Encyclopedia of Education
PublisherElsevier Ltd
Pages222-228
Number of pages7
ISBN (Print)9780080448947
DOIs
StatePublished - Dec 1 2010

All Science Journal Classification (ASJC) codes

  • Economics, Econometrics and Finance(all)

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    Rice, J. K., Monk, D. H., & Zhang, J. (2010). School finance: An overview. In International Encyclopedia of Education (pp. 222-228). Elsevier Ltd. https://doi.org/10.1016/B978-0-08-044894-7.01241-0