Faculty Viewpoint: On Michigan School Finance
AN OPEN LETTER TO MICHIGAN GOVERNOR RICK SNYDER
Dear Gov. Snyder,
Last summer you requested legislation to profoundly change funding for Michigan’s K-12 schools with a sweeping replacement of the School Aid Act of 1979. Since financial arrangements decisively influence school operations, many Michigan citizens took note.
Your goal was to incorporate the new legislation into the state’s budget for the 2013-14 school year. You received the proposed Michigan Public Education Finance Act of 2013 in November as planned, but didn’t mention it in your recent State of the State address. As one finance nerd to another—alas, I’m an economist (guess what, my wife is too!)—I applaud your decision to slow down and give fuller consideration to the proposed changes.
These policy decisions will have very far-reaching implications for Michigan’s public schools, so it’s important to get them right...