Essay on Educational Finance - 2244 Words

â€Å"The most important producer of human capital in the United States is the public education system† (Brimley Garfield, 2008, p. 1). In order for the public education system to produce human capital, it must be provided the necessary resources. How these resources are provided has changed over the years and will continue to change in the years to come. The following paragraphs will take a look at the future of educational financing by taking a look at various issues facing education today and exploring the impact that they will have 10 years from now. The Future of Educational Finance The Lemon Test The Lemon Test was created by the Supreme Court as a means of judging whether certain legislature is connected inappropriately to†¦show more content†¦The subjectivity will continue to cause debate as the Lemon Test is utilized as the deciding factor in First Amendment cases involving school funding. Additionally, as new forms of education, such as virtual schools and school voucher systems begin to form, more concerns over the mix of funding education and religious beliefs will fill the courts. â€Å"States have the ability to regulate cyber charter schools just as they regulate traditional schools, private schools, and home-schooling† (Cambre, 2009, p. 64). As the face of education continues to change, so will laws that define its’ funding. School Vouchers One very heated topic of discussion currently is the use of vouchers to pay for private education at the K-12 level. A voucher is basically a scholarship for low income eligible students. The money for the vouchers comes from companies that use the program as a tax credit. Basically the business will make a voucher donation for a specified amount and then claim that amount on their taxes. The state then refunds the company the amount that they donated at the end of the year when the company files their taxes. This system provides a tax break for businesses and opportunities for under privileged students to attend private institutions. While the program sounds good, it is not without opposition. Those in public education argue that the program takes funding away from public schools.Show MoreRelatedEssay on Future of Educational Finance4100 Words   |  17 Pages Future of Educational Finance Grand Canyon University: EDA-535 October, 2013 Gary Marx stated â€Å"identifying, monitoring and considering the implications of trends is one of the most basic processes for creating the future† (Stevenson, 2010 p. 1). The world of education is forever changing at a pace that gets more rapid as the years go on. The decisions made in the past have laid the foundation of education today, as will recent changes affect the future. 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