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School Finance Terms

e ability of the local district to generate additional revenues.

10. Full state funding refers to a procedure whereby all funding for education at the local level is provided from the state level. The intent of such a procedure is to equalize educational expenditures throughout a particular state, and to create equity in the burden of funding education throughout the state.

11. The foundation plan is a procedure for the distribution of financial aid from a senior jurisdiction to a junior jurisdiction. Under the foundation plan approach, a state assures per pupil spending throughout the state at a specified minimum level, and provided financial aid to local districts on the basis of the difference between the specified minimum expenditure level and the amount of the funds generated by the district through the application of a state mandated minimum local tax rate to the local district tax base. Beyond these funding factors, however, loca

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School Finance Terms. (1969, December 31). In LotsofEssays.com. Retrieved 17:53, May 03, 2024, from https://www.lotsofessays.com/viewpaper/1684525.html