|Designing State Aid to Education in the Presence of Property Tax Exemptions, Part 1|
Center for Policy Research
Uploaded by: Pocket Masters
Pockets: New York State School Finance Reform Archive, School Funding Plans
Tags: funding, reform
Description/Abstract: Many states provide homestead exemptions from the property tax. When states compensate school districts for these exemptions, they undermine the equity of their education finance system. This inequity can be eliminated by incorporating this state compensation into a foundation aid formula.