1. Chapter 8 Financing Public Education Viewing recommendations for Windows: Use the Arial TrueType font and set your screen area to at least 800 by 600 pixels with Colors set to Hi Color (16 bit). Viewing recommendations for Macintosh: Use the Arial TrueType font and set your monitor resolution to at least 800 by 600 pixels with Color Depth set to thousands of colors

2. Copyright © Houghton Mifflin Company8–2 Criteria for Evaluating Taxes No Unintended Economic Distortions Equitable Easily Collected Responsive to Changing Economic Conditions

3. Copyright © Houghton Mifflin Company8–3 Local Sources of School Funds Property Tax Other Sources, including –User Fees –Exclusive Product Rights

4. Copyright © Houghton Mifflin Company8–4 State Methods of Financing Local School Districts Flat Grant Model State gives all local districts a fixed amount per student. Foundation Plan State guarantees a minimum expenditure per student to all districts. Power- Equalizing Plan State pays smaller percentage of local school expenditures as wealth of local district rises. Weighted Student Plan State aid is weighted according to special needs of students.

5. Copyright © Houghton Mifflin Company8–5 Two Types of Federal Grants Categorical Grants Funds designated for a specific group or purpose Block GrantsFunds to be used for general purposes, at the discretion of the recipients

6. Copyright © Houghton Mifflin Company8–6 School Finance Trends Taxpayer Resistance Accountability Tuition Tax Credits, Educational Vouchers, and School Choice Streamlining School Budgets Infrastructure and Environmental Problems