Volume 32, No. 3
Winter 2007
CONTENTS
ARTICLES
Financial Changes in the Second Tier of Top Liberal Arts
Colleges, 1996–2001
ROGER T. KAUFMAN, Professor of Economics at Smith College and
GEOFFREY WOGLOM, Professor of Economics at Amherst College 285
Has Adequacy Been Achieved? A Study of Finances and
Costs a Decade After Court-Ordered Reform
DEBORAH A. VERSTEGEN, Professor of Finance, Policy, and
Leadership at the University of Nevada, and the Edwin J. O’Leary Chair
of Financial Management, University of Illinois, Urbana-Champaign 304
An Empirical Analysis of Horizontal and Vertical Equity in
the Public Schools of Tennessee, 1994–2003
ANTHONY ROLLE, Associate Professor, Texas A&M University,
College Station and KEKE LIU, doctoral candidate at Peabody College
of Vanderbilt University, Nashville, Tennessee 328
Determining the Legality of School Vouchers:
Are State Courts the New Venue?
MARTHA MCCARTHY, Chancellor’s Professor and Chair of the
Department of Educational Leadership and Policy Studies at
Indiana University 352
Financing Arizona's Schools:
Faltering Steps toward the "Good Society"
PATRICIA F. FIRST, Professor of Educational Leadership at the
University of Arizona, Tucson 373
The Williams Settlement and the Prospects for Future School Finance
Adequacy Litigation in California
WILLIAM J. GLENN, Assistant Professor at Virginia Polytechnic
Institute and State University, Falls Church Campus and
LAWRENCE O. PISCUS, Professor in the Rossier School of Education
at the University of Southern California, Los Angeles 382
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