Wisconsin voters approved a record number of referenda in 2024 to increase property taxes to fund their local schools, and nearly set a record for the most referenda to fund municipalities or counties. However, the approval rate for school ballot questions continued a downward trend. These trends raise questions about both the adequacy of current…

Creating a mindset for research, including the development of professional research skills and critical thinking, is of the utmost importance in preparing students for the business world. To help faculty with this mindset, we discuss novel approaches for incorporating professional research and interactions into the undergraduate classroom,…

Nearly every state has flaws in how it funds public education, particularly when it comes to equitable funding for historically underserved students. While challenges vary by state, there are five common pitfalls in education finance equity: (1) Formulas do not fully account for differences in student learning needs; (2) There are too many school…

New Jersey, like many states, has long struggled with the tension of maintaining a well-funded public education system while not overburdening residents with high property taxes. New Jersey's school funding formula, 2008's School Funding Reform Act (SFRA), includes a determination of how much local funding -- raised through property taxes -- is…

The Federal Pell Grant program is the largest program providing need-based grant aid to postsecondary students. In FY2023, the program made $31 billion in grant aid available to approximately 6.5 million low-income undergraduate students. Congress has considered several legislative proposals concerning Pell Grants in recent years, and it may…

Property taxes are the most common mechanism to generate local revenue for public school systems but are also a long-standing source of inequity. Policymakers and advocates should be aware of the challenges created by local funding mechanisms in their states and consider potential policy solutions to produce more equitable education funding. This…

The purpose of this case is to allow students the opportunity to examine how the recent changes to depreciation incentives in the Tax Cuts and Jobs Act of 2017 (P.L. 115-97, Dec. 22, 2017) may affect the purchase of capital assets. Bonus depreciation has been extended to allow an immediate 100% deduction for eligible property, which also now…

How are teacher pension benefits funded? Under traditional plans, the full cost of career teachers' benefits far exceeds the contributions designated for them. The gap between the two has three pieces, which may (with some license) be mnemonically tagged the three R's of pension funding: "redistribution," "return," and…

A substantial body of research shows that when families can use state-sanctioned funds to pay for private school and other academic experiences, everyone wins. Students graduate high school and attain college degrees at higher rates, schools improve academic achievement and become more diverse, parents are satisfied, and taxpayers save money. A…

The House has passed a budget reconciliation bill that supporters are referring to as a "one big, beautiful bill." However, the authors of this Issue Brief believe that this budget bill threatens the health and nutrition of millions of children and pushes millions of children into poverty in order to provide tax credits for corporations,…

When Coloradans get their ballots in the mail this fall, they could potentially vote on two measures that would have disastrous consequences for Colorado kids and families if passed. Initiatives 108 and 50 would dramatically limit the resources available for critical services and programs that support children and their families at the state and…

Atrium Limited Liability Partnership (LLP), an architectural company with over 3,000 partners, addresses the business need to collect and organize signed tax forms to assist its international partners. This case discusses the challenges associated with the current manual process, the pursuit of a solution to automate and simplify this process and…

The "Budget of the United States Government, Fiscal Year 2025" contains the Budget Message of the President, information on the President's priorities, and summary tables. This volume includes economic and accounting analyses, information on Federal receipts and collections, analyses of Federal spending, information on Federal borrowing…

Rising federal debt threatens to reduce the growth of the economy, people's living standards, wages, and the standard of living. A policy solution needs to respect many constraints, most importantly, that it is seen as fair--both within generations and across generations. This article addresses concepts of fairness and their application to…

The vast majority of funds for pre-K through grade 12 public schools in the United States -- nearly $800 billion or over 90% -- come from state and local funding sources. States, not school districts, are obligated to ensure that all students have access to the resources they need to succeed. States can take steps to reduce disparities between…