The fiscal problem in Missouri

Bibliographic data

Monograph

Identifikator:: 1833271335

URN:: urn:nbn:de:zbw-retromon-230042

Document type:: Monograph

Title:: The fiscal problem in Missouri

Place of publication:: New York

Publisher:: National Industrial Conference Board, Inc.

Year of publication:: 1930

Scope:: xvi, 359 S.

Digitisation:: 2022

Collection:: Economics Books

Usage license:: Get license information via the feedback formular.

Chapter

Document type:: Monograph

Structure type:: Chapter

Title:: Chapter VIII. Public school finance

Collection:: Economics Books

PUBLIC SCHOOL FINANCE 245 24.89. It therefore appears that in recent years the state school apportionments comprised approximately one fourth of the expenditures of the state for all maintenance purposes. ANALYSIS OF THE PRESENT SYSTEM oF DISTRIBUTING STATE Ap MoxNEYS The analysis in this section is very largely confined to the Missouri system of distributing funds to the localities for school purposes under the so-called equalization grants. The aid to rural schools, the aid to consolidated districts, the aid to high schools, and the aid in maintaining ninth and tenth grades depend essentially on the assessed valuations in the various districts. In all four cases there is an implied uni- formity in assessed valuations that does not exist. To the extent that there are variations in the ratios of assessed valuation to true value, distribution on the basis of assessed valuation must result in inequalities. Another factor in the problem is the extent to which certain types of property =scape assessment. For example, it has been shown previously +hat in a number of counties a large proportion of the motor vehicles escaped assessment in 1927 for taxes of 1928. If in one county 50%, of the motor vehicles are assessed, while in another 909, are assessed, it would naturally follow that cer- rain school districts mightreceive state aid towhich they were not entitled. The two factors, differences in assessment ratios and property escaping taxation, are highly important in con- nection with any system under which funds are distributed to localities on the basis of assessed valuation. This method of distribution places a premium upon low assessed valua- tions, and the latter are not always indicative of a real lack of ability to support education. There are other factors that are important in connection with the distribution of aid to rural schools. If the valuation in a district shows a tendency to increase to an amount above $75,000, it is to the interest of the district to keep the valua- tion below that limit. An even more important factor is that many of the poor districts in the state are not eligible for rural school aid. The Attorney General has held that before a district is entitled to this form of aid it must maintain an

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