| The purpose of this study was to evaluate the horizontal equity and wealth neutrality of the Florida Education Finance Program between the years 1990 and 2000. The research questions addressed the shifts in the equity of the formula that occurred during these years, the nature of the relationship between funding per student and property wealth per student, and the policy changes that may have been associated with the observed changes in equity. A number of measures of univariate dispersion were employed to examine the horizontal equity of the funding formula, and regression measures were utilized to determine the wealth neutrality of the formula. Overall, the formula exhibited a slight trend toward increased horizontal equity and increased wealth neutrality, although the equity of the formula did not increase steadily during the years that were observed. The regression analysis found the relationship between funding per student and wealth per student to be quadratic in nature. |
