States and School Finance
Regional Science Policy & Practice
hybrid tiebout model, income taxes, property taxes, school funding
Business | Economics | Public Economics | Regional Economics
In the US, the share of school district revenues that state and local governments provide for K-12 has changed significantly over the last century. Historically, K-12 education was highly decentralized and funded largely by property taxes of local governments. States played only a supporting role. Today, states, which obtain the biggest portion of tax revenues from income and sales taxes, play a large and increasing role in school funding. This paper uses a hybrid Tiebout model to analyze the impact of the education finance policy change in a general equilibrium framework.
Kuzey, Yilmaz, "States and School Finance" (2020). Business Faculty Publications. 351.