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Contemporary Economic Policy

DETERMINING THE BASE COST OF EDUCATION: AN ANALYSIS OF OHIO SCHOOL DISTRICTS

Authors

  • John Ruggiero

    1. Department of Economics and Finance, School of Business Administration, University of Dayton, Dayton, OH 45469-2251. E-mail ruggiero@notes.udayton.edu
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      The author would like to thank Francis Rogers for providing the data used in Dr. Augenblick' s study. His insights greatly improved this article. The author also thanks Sam staley and Matthew Cohen for providing useful discussions and four anonymous referees who provided numerous suggestions that greatly improved this article.


Abstract

The Ohio Supreme Court recently ruled that Ohio's elementary and secondary public school financing system violates the state's constitution. It was estimated that an additional $1 billion is necessary to overhaul the current system. These costs are based on a report that defined the base cost of an adequate education using an overly simplified and flawed approach. This article recognizes that variations in spending arise from differences in outcomes provided, in the cost of providing a given level of outcomes, and in the efficiency of outcome provision. The study also critiques the approach used to determine the base cost of providing an adequate education.

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