• Print
  • Email

Last Updated: 05/20/04

News Release

Research Examines Michigan School Finance Reform

CHICAGO—Linking school finance to school performance outcomes is here to stay, according to research by Chicago Fed Senior Economist Richard Mattoon in the June issue of the Chicago Fed Letter. In the article, titled "School funding ten years after Michigan's proposal A: Does equity equal adequacy?", Mattoon analyses Michigan's school finance reform and its primary aim to improve the equity in funding across school districts.

From the research, Mattoon notes that 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. He observes that this attention to adequacy of education has supplanted providing equality of resources as a guide to school finance policy. He also concludes that although Michigan's reform achieved greater funding equity and per pupil expenditure levels above the national average, it is not problem-free.

For a full text, go to the June 2004 issue of the Chicago Fed Letter.

Having trouble accessing something on this page? Please send us an email and we will get back to you as quickly as we can.

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

Copyright © 2025. All rights reserved.

Please review our Privacy Policy | Legal Notices