Allocation of State Funds for Construction and Renovation of Schools in Georgia

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Examines Georgia's model capital outlay program for public schools. Despite the current program's many positive aspects, incentives provided to local school districts can lead to inefficiencies, contradictions, and inequities for districts with older physical plants. The program also contains an incentive to use debt financing, rather than property-tax financing of construction projects. (16 footnotes)
Walker, Mary Beth; Sjoquist, David L.
Journal of Education Finance
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