Local Public Goods and Neighborhoods Considering your knowledge of local public finance, neighborhood choice, neighborhood effects and schools, you've been asked to evaluate an educational achievement equity proposal that will eliminate local funding of schools and replace it with an equal per pupil allocation from the state. Will this proposal close the educational achievement gap between schools? In your evaluation, be sure to: i) Describe the relationship between local public goods and neighborhood choice; ii) Explain school spending in this context; and iii) Evaluate school spending and neighborhood effects in educational achievement. 7