EDLD+5342+Week+1+Part+3

 //  **Equality** //means that every student has the same access to the same type of basic educational program. (EDLD 5342, Lecture Notes, Week 1, page 7) Examples include:1) Equal funds for educational programs that benefit all students (such as reading, math and basic courses), and funds that enable a school district to meet state accreditation standards. 2) The Tier 1 Basic Allotment is an example of the use of equality in school finance and is comprised of adjustments such as Cost of Education Index, Sparsity Adjustment, and ADA Decline. // **Equity** //means that the system is fair and responds to the needs of individuals. (EDLD 5342, Lecture Notes, Week 1, page 7) Examples of equity in school finance include 1) allocations for special programs that are provided to meet the needs of individual students or student groups. 2) Funds provided for Compensatory Education (economically disadvantaged students), Special Education (student with disabilities), Career and Technology Education and Gifted and Talented Education are all examples of equity funds. // **Adequacy** // means that the school district receives financial support sufficient to meet state accreditation standards. (EDLD 5342, Lecture Notes, Week 1, page 7) Examples of adequacy within school finance are: 1) the state foundation program is used to provide adequate funds for each school district to produce success for all students and 2) action by the legislature to address adequacy issues such as low teacher salaries and increased textbook costs.
 * Part 3 – Equality, Equity and Adequacy**