An Assessment of Vertical Equity in Four States: Addressing Risk Factors in Education Funding Formulas
Randall S. Vesely (Doctoral student of administrative leadership at the University of Wisconsin) & Faith E. Crampton (Associate professor of administrative leadership at the University of Wisconsin, Milwaukee.). Journal of Education Finance. 09/2004. Vol. 30. Iss. 2. p. 111-122.
ABSTRACT: Given the range of risk factors facing public schools and their potential effect on academic achievement, the level and extent of state funding for at-risk students is of growing concern. In particular, the funding of such programs represents an important but often overlooked theoretical concept in the analysis of state education funding systems: vertical equity. The purpose of this article is to reinvigorate the discussion of vertical equity through an assessment of the funding systems in four states that ascertains how and to what extent risk factors are addressed.