ABSTRACT

The genesis of this volume is derived from an idea that, as we peer into the new millennium, the time is ripe for the sometimes provincial field of education finance to reaffirm its bonds with the wider education community. Education finance means many things to many people. The discipline encompasses well articulated topics, of course, such as the design of state funding formulas (which are often dictated through litigation), the achievement of equity in funding, the calculation of future tax revenues from property and other tax sources, and the development of school budgets. And these are important functions. But other questions of a critical nature, such as those involving curricula reform, outcome assessment, accountability, community control, privatization, paying for higher education, and even national economic growth are less frequently addressed as education finance issues.