The impact of district power equalization and The characteristics and functions of a good tax system?

Question

I have to write a paper about those issues. I am taking a class called: Public School Finances. It would really help me if you could please tell me something about those questions .Thank you

Answer 1

A good tax system provides needed and necessary funds to a school district throughout the State. Please see the below referenced site as it goes into great detail regarding the Iowa Education frame and can more readily answer your question.

District equalization, which has several variations, involves focusing on state assistance in equalizing the ability of local school districts to raise revenue, rather than establishing a minimum threshold of state financial support. The idea is to guarantee to all school districts, regardless of assessed valuation, the same revenue yield from the application of a specified tax rate. There are three primary forms of district power equalization. Percentage equalization programs involve a local school district determining the size of its budget, with the state then paying a portion of the budget based upon an aid ratio for the district which takes into account assessed valuation in the district and the state in its entirety. Guaranteed tax base programs focus on guaranteeing a designated level of assessed valuation per pupil. Guaranteed tax yield programs, in contrast, are concerned with guaranteeing a designated level of revenue per pupil