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Education Budgeting, Funding & Management

EDUCATIONAL BUDGETING, FUNDING, AND FINANCIAL MANAGEMENT: A REVIEW OF CONCEPTS AND OBJECTIVES USING THE MIAMI DADE COUNTY PUBLIC SCHOOLS BUDGET TO ILLUSTRATE POINTS

This research reviews concepts and objectives of public educational budgeting, funding, and financial management. Where appropriate, the research cites budgeting, funding, and financial management experiences of the Miami Dade County Public Schools to illustrate points made in the review.

The funding of public [K-12] education in the United States has been under fire for the past three decades. During much of this period, the central issue underlying challenges to state funding of public [K-12] education was and continues to be equity in funding. The charge is that students in school districts with higher property value bases receive far more educational financial support than is true of students in school districts with lower property value bases. Successful challenges led to K-12 educational funding reform in many states; however, these same challenges and the ensuing funding reforms, in turn, stimulated a backlash from both anti-tax activists and citizens who decried the loss of local control over education. Thus, challenges with an anti-tax bias and challenges with an anti-centralization bias joined the equity in funding challenges in the 1990s. The addition to the pot of educational innovations such as outcome-based education has increased the boiling point to a level where controversy over public [K-12] educational funding has spread to almost all states (Moser & Rubenstein, 2002).

The turbulent funding environment affects all sources of public funds for public education. Reductions in funding at the federal level increase pressures on state governments to restore funds to ease the pressures on public school districts. Each state addresses the controversy in a somewhat different way, although some states are more innovative than are others. Generally...

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Education Budgeting, Funding & Management. (1969, December 31). In LotsofEssays.com. Retrieved 04:42, October 23, 2014, from http://www.lotsofessays.com/viewpaper/1693549.html