A Brief Analysis of Issues Associated with Bonding for the State of Arizona Students FIRST School Capital Finance Program PDF Download
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Author: Dennis L. Hoffman
Publisher:
ISBN:
Category : Arizona
Languages : en
Pages : 9
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Book Description
"Students FIRST (Fair and Immediate Resources for Students Today), a constitutional system of school capital finance funded by revenues dedicated from the state sales tax, was enacted July 9, 1998.... This paper will focus on (1) the facts and direct rationale behind the payment for K-12 school construction from a pool of current general fund dollars, as mandated in the existing Students FIRST provisions; and (2) the implications and logical consequences of bonding versus paying for capital improvements with cash on an annual basis.... 'Track 1' designates the status quo strategy of cash payment for capital improvements, while 'Track 2' represents a strategy for bonding that distributes the costs of the projects to taxpayers over the course of their useful life"--Page 1.
Author: Dennis L. Hoffman
Publisher:
ISBN:
Category : Arizona
Languages : en
Pages : 9
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Book Description
"Students FIRST (Fair and Immediate Resources for Students Today), a constitutional system of school capital finance funded by revenues dedicated from the state sales tax, was enacted July 9, 1998.... This paper will focus on (1) the facts and direct rationale behind the payment for K-12 school construction from a pool of current general fund dollars, as mandated in the existing Students FIRST provisions; and (2) the implications and logical consequences of bonding versus paying for capital improvements with cash on an annual basis.... 'Track 1' designates the status quo strategy of cash payment for capital improvements, while 'Track 2' represents a strategy for bonding that distributes the costs of the projects to taxpayers over the course of their useful life"--Page 1.
Author: Kenneth R. Baca
Publisher:
ISBN:
Category : Education
Languages : en
Pages : 110
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Book Description
In Roosevelt v. Bishop (1994), Arizona public school districts and parents challenged Arizona's school financing system arguing that it was not "general and uniform" as required by the Arizona Constitution. The purpose of this study was to analyze Arizona's Students Fair and Immediate Resources for Students Today (Students FIRST) legislation, the remedy that resulted from the Roosevelt decision, empirically, and longitudinally. Three types of statistical analyses were conducted on a sample of 165 public school districts. Fiscal neutrality was measured for each of the eleven years of the study, to assess the association between the per-pupil Students FIRST funding level and the per-pupil property wealth. Multiple regression analysis was also conducted to assess if both property wealth and district size were associated with the distribution of Students FIRST funding. Finally, I analyzed the eleven-year average of the total Students FIRST funding distributed to school districts and assessed how the plaintiff districts ranked in the distribution. Overall, the findings revealed that Students FIRST met the fiscal neutrality standard in some, but not in all the categories and years of this study, per-pupil property wealth was only weakly related to, and district size was not associated with, Students FIRST funding. The analysis of average funding suggested that some property rich school districts benefited most from Students FIRST. These results suggest that the traditional measures used to assess the fiscal neutrality of operating funding may not be appropriate for assessing the fiscal neutrality of capital finance reforms. While the results of this study provide some suggestive evidence that Students FIRST did not fulfill the Court's mandate, additional research is needed as to whether or not Arizona's capital finance system has resulted in disparities in funding that fall short of the constitutional standard.
Author:
Publisher:
ISBN:
Category : Bonds
Languages : en
Pages : 634
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Author: Charles Ralph Tupper
Publisher:
ISBN:
Category :
Languages : en
Pages : 590
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Author: Arizona. Governor
Publisher:
ISBN:
Category : Arizona
Languages : en
Pages : 476
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Author: Albert Ralph Munse
Publisher:
ISBN:
Category : Education
Languages : en
Pages : 704
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Author:
Publisher:
ISBN:
Category : Education
Languages : en
Pages : 748
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Author: Molly A. Hunter
Publisher:
ISBN:
Category :
Languages : en
Pages : 40
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Book Description
For over ten years, the State of Arizona has implemented an innovative statewide process for financing and building school facilities and purchasing other capital items for its schools. Spawned by an education quality lawsuit, the 1998 Students FIRST Act established the School Facilities Board, which succeeded in helping rural, suburban, and urban communities build and improve their school buildings. This was no small task because Arizona has been one of the fastest growing states in the nation during these years. In a state whose population increased from 5.1 to 6.5 million people from 2000 to 2008, the growing number of school-aged children fueled construction at the average rate of 35 new schools every year. This article briefly recounts the education quality litigation and remedy that led to a novel standards-based school facilities boon in Arizona. It documents the subsequent years of implementation, including standards setting, financing, assessment, deficiency corrections, and related initiatives. Weaknesses that have emerged in the remedy--primarily underfunding--are also summarized. Finally, this article considers the success of the Arizona education quality litigation and its remedy by applying the "successful-remedies model" postulated by Michael A. Rebell in his book, "Courts and Kids: Pursuing Educational Equity Through the State Courts." Using this framework facilitates analysis of the Arizona experience as to the role of the courts and examination of the impact of the state's changes to facilities financing and decision making on standards, funding, accountability, public involvement, and student performance. (Contains 1 figure, 4 tables and 92 footnotes.).
Author: United States. Congress. Senate. Committee on Public Works. Subcommittee on Economic Development
Publisher:
ISBN:
Category : Economic assistance, Domestic
Languages : en
Pages : 872
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Author:
Publisher:
ISBN:
Category : Water
Languages : en
Pages : 936
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