What is the controversy surrounding property taxes as a source for school funding?
What will be an ideal response?
The controversy behind school funding appears to be at least partially political. Local property taxes are a major source of revenue for schools. Wealthy communities, with higher property values, are better able to raise revenue than are poor districts, which have less valuable property. Poorer communities may have large areas of urban blight with abandoned buildings, vacant lots, etc. Some court cases have resulted in rulings that seek to equalize funding between districts on the grounds that such inequities in funding deprive children in poorer districts of an equal opportunity to receive a good education.
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Government officials deciding the distribution of all resources is a feature of a
a. mixed economy b. market economy c. command economy d. traditional economy
Common property often results in
A) a negative externality. B) a social benefit. C) a private cost. D) exclusive rights of ownership.