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School Financing – hardly any topic gets more spirited debate than this. Those who bear the brunt of the property tax say we have pushed the limits; while others see greater state formula dollars to schools being synonymous with tax increases someplace else. Moreover, many people fear the erosion of local control of their schools as financing changes. However, regardless of one’s personal position, these are extraordinary economic times that require us to be realistic. The following data from the U.S. Census Bureau’s latest Annual Survey of Local Government Finances, I believe, sheds some light on this topic.