Revenue Sharing
Tax revenue sharing: A solution to the inequities in school funding?
Tax revenue sharing is one of the most popular yet controversial potential solutions to the problem of inequitable funding of school districts. In the debate over fairness in education, the fact that property taxes are usually the primary method of school funding frequently leaves poorer districts with substantially less revenue than their wealthier counterparts. Revenue sharing is based upon the idea in which "each community in a region designates some percentage of a new tax stream or new tax base to a regional pool, where it is divided among all the towns in the pool based on some formula that may involve population or other variables" (Region agenda, 2009, The Hartford Courant). Revenue sharing is designed to equalize revenue between local governments that have differing capabilities of raising revenue, and thus create better opportunities for residents.
This method of financing local services is particularly critical in the field of education, given that education can be a potentially great social equalizer, in terms of the ways it can open up opportunities for the chronically disenfranchised. However, when schools are underfunded, poverty becomes a vicious cycle. Poor districts have less revenue from property taxes and thus less money to fund schools and provide a high-quality education for students. Revenue sharing seems to provide local school districts with the best of both worlds -- retention of local control coupled with expanded opportunities to invest in other economic sectors. Even wealthier state residents can benefit from the wider community improvements generated from revenue sharing, such as a decreased need to attract large, polluting industries to generate tax revenue and the general improvements education can bring to the community.
Most local governments have a "limited revenue-raising ability" (Revenue sharing, 1998, Michigan in Brief). The most obvious way poorer districts can make up discrepancies in funding is through raising local...
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