Question
The Simpsons are worried about the quality of the education Lisa is receiving in Springfield. They sue the state to alter the way in which
The Simpsons are worried about the quality of the education Lisa is receiving in Springfield. They sue the state to alter the way in which schools are financed and win. The state now has to determine how to reform the school finance system. Assume that all town revenues go to the schools and that each town has 2,000 students. a. The state proposes a foundation grant system that guarantees each district a foundation level of $8,000 at a tax rate of 1%. Assuming no effect on property values, calculate each town's foundation grant level and the effect on overall spending. Hint: use the formula for a foundation grant to solve! b. If the Simpsons chose to move to nearby Shelbyville, where per pupil expenditure is higher, instead of suing for school finance reform, what would this be evidence of? Why might moving be difficult/not happen?
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