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Funding for Education

Program #2: How are and how should schools be funded?

Ralph Martire is executive director of the Center for Tax and Budget Accountability (“CTBA”). As one of the preeminent experts on education funding and the Illinois state budget deficit, Mr. Martire has recently been appointed by Secretary of Education Arne Duncan to serve on the U. S. Department of Education’s new Equity and Excellence Commission. He is a regular columnist the ­Springfield State-Journal Register, The Joliet Herald News, and The Daily Observer on public policy and good government, and former columnist for the Chicago Sun-Times.

A frequent lecturer on fiscal policy, Ralph continues to teach at the undergrad and graduate student levels, including a Master’s level class on fiscal policy and a Doctoral class on the politics of education at Illinois State University, and an undergraduate class on public policy for Benedictine University.

Henry M. Levin is the William Heard Kilpatrick Professor of Economics and Education and Director of the National Center for the Study of Privatization in Education (NCSPE) and Co-Director of the Center for Benefit-Cost Studies in Education at Columbia University. He is also the David Jacks Professor of Higher Education, Emeritus, at Stanford University where he served on the faculty for 31 years with a joint appointment in the School of Education and Department of Economics. Professor Levin is a specialist in the economics of education, educational finance, and school reform. In recent years he has worked on such issues as cost-effectiveness, educational vouchers, tuition tax credits, educational management organizations, and accelerating the instruction of at-risk students. His latest books are: Cost-Effectiveness Analysis: Methods and Applications Second Edition (2001); Privatizing Education (2001); Cost-Effectiveness Analysis and Educational Policy (2002); Privatizing Educational Choice: Consequences for Parents, Schools, and Public Policy (2005) and The Price We Pay: Economic and Social Consequences of Inadequate Education (2007).

Walter McMahanhon is an economist engaged in research, writing, and consulting on education and development, education financing, and macroeconomic analysis. He is Professor of Economics and Professor of Educational Organization and Leadership, both Emeritus, at the University of Illinois at Urbana-Champaign. His primary fields are the Economics of Education and Human Capital, and Macro-Economic Analysis (Unemployment, Inflation, Growth, and Development). His most recent book is Higher Learning, Greater Good: The Private and Social Benefits of HigherEducation, (Johns Hopkins University Press, 2009) has won the PROSE Award in Education from the Professional Scholarly Publishing Division of the Association of American Publishers.

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