Sunday, November 20, 2011

Finance 5342 Week 1

Group 4's Completed Part 3 (Robert Murray, Jeff Nations, Randall Nedrow, Marilyn Pace-White)



Equality, Adequacy and Equity



The concepts of equality, adequacy and equity: If you consider equity to be defined as fair or equal distribution of resources for schooling and then you take into account student differences and school district characteristics and then there are many examples provided for equity. Examples might include transportation issues for districts whose children live far apart, career courses or academies that have expensive equipment requirements and special programs to address gifted students or special education students. I believe these are the funds that are used to help level the field for districts. I think that many people confuse these words by using them interchangeably. I believe equity and equality are probably the most misused. Equality means, every student has the same type of basic educational program. I believe this means everyone gets the same basic education. Examples of this would include basic educational allotments for every student and Tier I funding sources for situations such as new instructional facility allotments, technology, and military child allotments. Adequacy is to include that the school district receives financial support sufficient to meet state accreditation standards. Examples of this include textbook sand minimum teacher salaries.

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