Taxes & Funding
Key Terms
Scenarios
Data
(100-400 only)
Final Jeopardy!
(Bid First)
100
Taxes that make up more than 75% of local school revenue.
What are property taxes?
100
This is the main source of revenues for local school districts, accounting for 77% of local funding nationwide.
What is property tax.
100
A type of tax deduction that Bryan's mom would be able to claim if she sent her son to a private school for part of the tuition.
What are tuition tax credits (educational credits)?
100
Property tax accounts for more than THIS PERCENTAGE of school funding nationwide. a) 27% b) 57% c) 77% d) 17%
What is c) 77%?
200
A tax that low-income families would consider a sales tax on food.
What is a regressive tax?
200
This focused federal funding on standards, testing, and accountability.
What is the No Child Left Behind Act of 2002.
200
Asbury Elementary School needs an after-school child-care center. This tax is the best suited (and easiest to attain) support for this project.
What are user fees.
200
The CURRENT AMOUNT of states that have sales tax that contribute to public school systems. a) 16 b) 26 c) 36 d) 46
What is d) 46?
300
As of 2005-2006, this number is the current per-pupil expenditures for public elementary and secondary education in Michigan.
What is $9,577.
300
This allows parents to claim a tax reduction for the education expenses they pay in order to send their child to nonpublic school.
What is tuition tax credits.
300
Your state is trying to implement a hotly contested new finance plan that would transfer funds from wealthy districts to poor ones. The people supporting this plan probably base their argument on this issue.
What is equity (the value of an ownership interest in property).
300
The APPROXIMATE PERCENTAGE that elementary and secondary education represent of the nation's annual gross domestic product.
What is 4%.
400
State ways of school funding (HINT: There are 4).
What are sales tax, income taxes, license fees and state lottery funds?
400
This is another ongoing trend in school finance reform where the state or local school district gives parents of school-age children a tax-subsidized flat grant, representing a portion of their children's educational cost.
What are educational vouchers?
400
If increasing taxes for schools was on the ballet in the upcoming election to better school districts in a certain county, this population of people would be least expected/encouraged to vote for it.
Who are senior citizens.
400
The APPROXIMATE PERCENT that States assume of the cost of elementary and secondary education.
What is 47%?
500
The way that private schools are funded (HINT: There are 5).
What are student tuition, endowments, scholarship/voucher funds, and donations and grants from religious organizations or private individuals.
500
These are the four methods to finance education (name all 4).
What are: Flat Grant Model - State gives all local districts a fixed amount per student. Foundation Plan - State guarantees a minimum expenditure per student to all districts. Power-Equalizing Plan - State pays smaller percentage of local school expenditures as wealth of local district rises. Weighted Student Plan - State aid is weighted according to special needs of students.
500
The reasons (2 reasons) why adjacent school districts have dramatically different levels of funding for education on a per-pupil basis.
What are the value of property, and the taxes assessed on real estate, within the districts?
500
You have 3-5mins to answer this questions: Articulate what potential problems may develop when school districts rely on property taxes as school revenue sources (domino effect).
Book Answer: When property tax trends change and the value of the houses reduce, the economy takes a turn and can no longer support the per pupil ration of dollars that must fund the building, student services, and staff.
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