Financing the New Adequacy: Towards New Models of State Education Finance Systems That Support Standards Based Reform.

Abstract

the national emphasis on teaching all students to high standards, new models of state finance systems are needed that align school funding more closely to standards based reform aimed at high outcomes for all children and youths.1 Current state school finance systems are antiquated, obsolete and aging.2 They were created in the 1920s and 1930s to support a minimum education necessary for an individual to effectively function in an industrial era. Since that time, nearly every aspect of society and schooling has experienced dramatic change, but school finance systems have remained largely resistant to these forces. To make school