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dc.contributor.authorPodgursky, Michael Johneng
dc.contributor.authorSpringer, Matthew G.eng
dc.description.abstractThe level and distribution of spending for public K-12 education remains a contentious matter of policy in many states because of increasing expectations for school performance and widespread school finance litigation. In this paper, the authors examine the policies that have generated school funding in Missouri and the outcomes of these policies in terms of the overall level of school spending and interdistrict spending gaps. Interdistrict inequality in average spending is higher in Missouri than in surrounding states, but the spending gaps are equalizing in the sense that poor children tend to be concentrated in districts with above-average spending. A new school funding formula is grounded on a purported link between spending and student achievement. Since that association is tenuous statistically, challenges are likely to arise as this new scheme is fully implemented.eng
dc.identifier.citationM. Podgursky and M. Springer. 2006. "K-12 Public School Finance in Missouri: An Overview." Regional Economic Development. Federal Reserve Bank of St. Louis. Vol 2. No. 1, pp. 31-50.eng
dc.publisherFederal Reserve Bank of St. Louiseng
dc.relation.ispartofEconomics publications (MU)eng
dc.relation.ispartofcommunityUniversity of Missouri-Columbia. College of Arts and Sciences. Department of Economicseng
dc.rights.licenseThis work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivs 3.0 License.
dc.source.harvestedMichael Podgursky's Articles on Education web pageeng
dc.subject.lcshAcademic achievementeng
dc.subject.lcshPublic schoolseng
dc.subject.lcshEducation -- Financeeng
dc.titleK-12 Public School Finance in Missouri: An Overvieweng

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