Capital outlay in fifty states: An analysis to determine an equitable model for Illinois

The purpose of this thesis was to explore the methods of capital funding/outlay across the United States. Using a framework that classified capital funding models at the state level, the researcher was able to identify each state’s method of funding capital costs. The following questions were the focus of the study: 1. What are the current school capital funding/outlay models used in the United States? 2. What are the advantages/disadvantages of each capital funding model? 3. What is each state’s capital funding/outlay model? 4. What is a more equitable capital funding/outlay model for states like Illinois to consider? Throughout the study, the researcher sought to identify the current methods of capital funding/outlay while seeking the advantages and disadvantages of each model. Following an overview of background school finance information the researcher presented findings that included a summary of each state’s capital funding/outlay model. Advantages and disadvantages of each capital funding/outlay model were discussed, paying close attention to the perspective of each model from the local vs. state point of view. Finally, a more equitable capital funding/outlay model was presented for consideration in the State of Illinois (and other states in our nation). The new capital outlay/funding model was grounded in the best-practice ideas from states and included 5-Parts that included a facilities commission, a well-timed audit of K-12 school facility needs, a centralized borrowing plan, establishment of minimum requirements for K-12 facilities, and an equalized payback formula based on local fiscal capacity.

Name thesis:degree_name

Ed.D.

Level thesis:degree_level

Dissertation

Discipline thesis:degree_discipline

Ed Organization and Leadership

Grantor

University of Illinois at Urbana-Champaign

Year dc:date

2021

Author dc:creator

• Schroeder, Richard A.

Contributors dc:contributor

• Alexander, Kern
• Herrmann, Mary
• Bruno, Paul
• Pak, Yoon

• Capital Finance

Statement dc:rights

• © 2020 Richard A. Schroeder

Language dc:language

en

Handle dc:identifier

http://hdl.handle.net/2142/109497

OAI identifier oai:identifier

oai:www.ideals.illinois.edu:2142/109497