In regards to Texas School Finance, compare and contrast the principles of “Adequacy” and “Equity” in funding schools.
For numerous years, there were significant differences in the funds and resources allocated to educate students in public schools. Before 1995, wealthier schools systems used to be taxed less and also used to spend more per student compared to poorer school systems. The principle of equity says that each school district ought to have the same resources to offer its students like any other district in the state (Augenblick, Myers, & Anderson, 1997). This means for the system to be equitable, all communities, regardless of their social status, have to be taxed at similar rates as well as be given equal access to the similar sum of revenue per student. In recent years, there have been improvements in Texas schools. This was a result of the equitable funding system. On the other hand, the principle of adequacy says that state constitutions need an educational system that has a given level of quality that is definable, -or at least chance to get an education of that quality-for every student (Kauffman, 2004). As seen, equity mainly focusses on the disparity of funding between districts while adequacy emphases on defining the minimum level of funding required for every institution to educate its students.
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Explain the difference in “School Finance” and “School Budgeting”
School finance refers to the development as well as administration of fiscal standards plus other initiatives to achieve efficiency within public schools. School finances have an accounting focus and provide detailed reports on the school finances; income, wages, running costs including property maintenance, materials, wages on non-teaching staff and others. On the other hand, school budgeting refers to the preparation of financial plans outlined to finance the school or the education system for a specified duration aimed at translating objectives into reality. Thus, school budgeting is the financial planning process. It sets out certain projects, programmes, and implementation plans by determining the level of resources required to meet specific plan objectives.
References
Augenblick, J., Myers, J., & Anderson, A. (1997). Equity and Adequacy in School Funding. [Online]. Available at: https://pdfs.semanticscholar.org/cd41/0d9ef7f4d67fb0f13f7fcf4877a8e02674aa.pdf . Accessed 11 th Dec 2018.
Kauffman, A. (2004). Equity and Adequacy Concepts as Considered in School Finance Court Cases. [Online]. Available at: https://www.idra.org/resource-center/equity-and-adequacy-concepts-as-considered-in-school-finance-court-cases/ . Accessed 11 th Dec 2018.
