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This is a very important policy reform. Readers outside the US may not realize that the school funding system has this inbuilt feedback loop: good schools get
by _rpd 10y ago
This is a very important policy reform. Readers outside the US may not realize that the school funding system has this inbuilt feedback loop: good schools get more funding from property taxes and keep nearby property values high, bad schools get less funding from property taxes and keep nearby property values low. School quality is often key in determining home buyer location preferences.
- acchow 10y agoSchool quality also affects home buyer location preference significantly in Canada as well. But Canada doesn't feature this particular financial feedback loop (though there's another feedback loop of well-learned students attracting more parents with well-learned children. But that is not institutionalized and far less severe a problem).