Download or read book Principles of a Sound State School Finance System written by Foundation for State Legislatures. Education Partners Project and published by National Conference of State. This book was released on 1996-01-01 with total page 23 pages. Available in PDF, EPUB and Kindle. Book excerpt: Funding for public elementary and secondary education is a significant portion of most state budgets, representing on average approximately one-third of general fund appropriations. This booklet provides policymakers with five broad principles for the design of state school funding systems--equity, efficiency, adequacy, accountability, and stability. Appendices contain data on federal, state, and local shares in funding public education for 1993-94 and descriptions and classification of basic school-finance formulas. One figure is included. (LMI)