The Impact of State Aid Reform on Property Values: A Case Study of Maryland's Bridge to Excellence in Public Schools Act

Autor/inn/en	Chung, Hwan Il; Duncombe, William; Yinger, John
Titel	The Impact of State Aid Reform on Property Values: A Case Study of Maryland's Bridge to Excellence in Public Schools Act
Quelle	In: Education Finance and Policy, 13 (2018) 3, S.369-394 (26 Seiten)Infoseite zur Zeitschrift PDF als Volltext Verfügbarkeit
Sprache	englisch
Dokumenttyp	gedruckt; online; Zeitschriftenaufsatz
ISSN	1557-3060
Schlagwörter	State Aid; Finance Reform; Real Estate; Educational Finance; Funding Formulas; Public Schools; School Taxes; Tax Effort; Tax Allocation; Elementary Secondary Education; State Legislation; Maryland + Suchen Sie Ihr Suchwort? Financial reform; Finanzreform; Grundstück; Bildungsfonds; Funding; Finanzierung; Public school; Öffentliche Schule; Steuerentlastung; Landesrecht
Abstract	A major feature of the school finance landscape over the last two decades has been the reform of state school finance systems. Using the case of Maryland's Bridge to Excellence in Public Schools Act, this paper extends the current literature by developing a conceptual framework for residential bidding and sorting and using it to estimate housing market responses to the Maryland state aid reform. With repeat-sales data and many control variables, we find that an increase of $1,000 in current state aid per pupil induced by the reform is associated with an increase of 5 percent to 13 percent in property values. Moreover, within a district the property-value increases are greater in higher-income tracts, where the demand for school quality is likely to be greater. (As Provided).
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Erfasst von	ERIC (Education Resources Information Center), Washington, DC
Update	2020/1/01