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Chicago Fed Letter, No. 203, June 2004
School Funding Ten Years after Michigan’s Proposal A: Does Equity Equal Adequacy?

Michigan’s school finance reform aimed primarily to improve the equity in funding across school districts. Now, policymakers are turning their attention to the adequacy of education—ensuring that schools provide a desired level of learning and the necessary resources to support student achievement.

Federal Reserve Bank of Chicago, 230 South LaSalle Street, Chicago, Illinois 60604-1413, USA. Tel. (312) 322-5322

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