Reviews the inequities in Michigan's capital spending on schools, due to the disparity between wealthy and poor districts' taxable property. Five alternative to local facilities funding are discussed: 1) Modifying the state's School Bond Loan Fund to help poorer districts, 2) Direct state financing of selected projects, 3)Facility financing grants on a per-pupil basis, 4)District power equalization to subsidize the per pupil yield of property tax, and 5)State assumption of all facility financing. Includes a table of financial indicators for Michigan school districts.
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