Federal financial support for public elementary and secondary schools has traditionally been minor compared to state-local support; is usually targeted to the disadvantaged, the disabled, system support, and the federally impacted; and does not influence taxpayer choice among capital facilities for different public services. This report addresses the state of public school facilities in the state- local sector and the use of tax-exempt bond proposals that would adjust the current tax treatment of state-local debt to increase federal financial support for school construction. Each proposal is described and its effect on the share of the debt service costs borne by state-local taxpayers. Additionally discussed is each proposal's targeting compared to the targeting of federal on-budget spending for elementary and secondary education.
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