An Evaluation of the Recent Move to Centralize the Finance of Public Schools in Michigan

23 Pages Posted: 7 Nov 2003

See all articles by Robert W. Wassmer

Robert W. Wassmer

California State University, Sacramento - Department of Public Policy & Administration

Ronald C. Fisher

Michigan State University - Department of Accounting & Information Systems; Michigan State University - Department of Economics

Abstract

This article examines Michigan's 1994-95 shift from its system of K-12 public education being funded largely by local property taxes, to it being funded predominately by statewide revenue sources. We briefly describe events that led up to the adoption of Michigan's school finance reform and then go into some detail about the tax and revenue-sharing specifics. Since the structure of Michigan's school finance reform is complex, somewhat unique, and likely to be considered as a model for other states to duplicate, this examination will assist policy analysts and policymakers throughout the United States. Other states considering similar reforms will benefit from the simulations we provide with regard to the likely long-run results of Michigan's school finance reform.

Suggested Citation

Wassmer, Robert William and Fisher, Ronald C., An Evaluation of the Recent Move to Centralize the Finance of Public Schools in Michigan. Public Budgeting & Finance, Vol. 16, pp. 90-112, September 1996. Available at SSRN: https://ssrn.com/abstract=465674

Robert William Wassmer (Contact Author)

California State University, Sacramento - Department of Public Policy & Administration ( email )

Sacramento, CA 95819-6081
United States
916-278-6304 (Phone)
916-278-6544 (Fax)

Ronald C. Fisher

Michigan State University - Department of Accounting & Information Systems ( email )

270 North Business Complex
East Lansing, MI 48824-1034
United States
517-355-2326 (Phone)

Michigan State University - Department of Economics ( email )

East Lansing, MI 48824
United States
517-355-0293 (Phone)

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