School Finance: Article Review

Paper Summary:

In this essay, the writer reviews the work of David C. Thompson and R. Craig Wood entitled: "Money & Schools" published in 2005 by Eye on Education, Inc. The writer points out that, according to this article, during just a few years, great changes have been noticed in the educational environment. The writer discusses that having reviewed the work of Thompson and Wood, an understanding has been gained that school finance is not as simple as it may appear because financing and funding of schools is an area that bleeds over into policy issues, political issues, local, state and federal issues and the varied conceptions of what equitable funding precisely may be defined as in today's educational environment.

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From the Paper:

"The primary expectations expressed in the work of Thompson and Wood are those, which require the school leader to be industrious, committed, ethical, honest, and hard-working in the area of school finance. It is required that the school leader master many areas of interaction and collaboration school- and community-wide toward ensuring equitable and sufficient funding for schools in their school districts. There is not 'pat' answer for how the school leader is to approach the issues of school funding however, creativity and ethical behavior along with collaboration and interaction with community and organizations all serve to characterize the activities of the school leader toward sufficient funding of schools to ensure positive outcomes for students attending those schools."

Sample of Sources Used:

• Thompson D.C. & Wood, R.C. (2005). Money and schools (4th ed.). Larchmont, NY: Eye on Education, Inc
• Marshall, Alfred (1963) Education and Invention. Perspectives on the Economics of Education, ed. C.S. Benson (1963), 83.

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