Title page for ETD etd-10042006-143915
|Type of Document
||Epperly, Ronald Boyd
||An analysis of employing adjusted gross income measures as a proxy for fiscal capacity in the local composite index for selected Virginia school divisions
||Doctor of Education
|Salmon, Richard G.
|Alexander, M. David
|Carlton, Patrick W.
|Earthman, Glen I.
|Leonard, Raymond E.
- foundation program
- fiscal capacity
|Date of Defense
Fiscal capacity is some type of quantifiable measure of economic resources
existing within a political subdivision, jurisdiction, or governmental unit which
may be utilized to support a wide array of public functions. Measures commonly
used throughout the United States as indicators of economic capacity are tax
bases and personal income. The most commonly used measure for fiscal capacity
is equalized assessed value of property within the governmental units in question.
Once the fiscal capacity is determined, relative capacity among governmental
units may be calculated by dividing the aggregated capacity measure by total
population or total pupils. The equalization of educational opportunity is
dependent partially upon accurately measuring a locality's ability to pay taxes.
Prior to the 1971 establishment of the Standards of Quality in Virginia, the public
school funding formula relied exclusively on equalized (true) valuation per pupil
to measure the fiscal capacities of the several school divisions. Unfortunately, by
employing only true valuation per pupil as the sale measure of fiscal capacity
approximately fifty percent of the ability to pay was ignored. As a consequence, the Commonwealth developed and implemented a index of fiscal capacity
composed of several measures of fiscal capacity.
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