Title page for ETD etd-110498-164416


Type of Document Dissertation
Author Driscoll, Lisa Lorraine Green
Author's Email Address ldriscol@vt.edu
URN etd-110498-164416
Title The Local Composite Index: A Critical Analysis
Degree PhD
Department Educational Leadership and Policy Studies
Advisory Committee
Advisor Name Title
Salmon, Richard G. Committee Chair
Alexander, M. David Committee Member
Dugger, William E. Jr. Committee Member
Fortune, Jimmie C. Committee Member
McDowell, George R. Committee Member
Zody, Richard E. Committee Member
Keywords
  • educational finance
  • Local Composite Index
  • fiscal capacity
Date of Defense 1998-06-25
Availability unrestricted
Abstract
The purpose of this study was to develop an explanation for the volatile behavior of the Local Composite Index, Virginia's measure of public school division fiscal capacity. This study documented and analyzed the behavior of the mathematical and structural components of the current formula over the period inclusive of Biennia 1984-86 through 1996-98. It was implemented in five phases:

1. Literature Review. Literature related to public school division fiscal capacity was reviewed:

a) To identify normative and procedural concepts important to the philosophical development of fiscal capacity.

b) To delineate the various models used across the United States in the determination of public school fiscal capacity.

c) To examine components of indices, their application, and criteria for evaluating their behavior.

2. Local Composite Index Review. Information was collected from various sources regarding the Local Composite Index and its components for all school divisions in the Commonwealth.

3. Database Development. A relational database was developed to facilitate exploratory trend analyses of the LCI and its components.

4. Analysis. An identification and analysis of three trends was selected, defined, and undertaken:

a) Biennial Change Rate of the Indicators, Local and State

b) Biennial Change Rate of the Standardized Indicators, Local and State

c) Net Biennial Change Rate of the Local to State Ratio for the Standardized Indicators

5. Case Studies. Five case studies of public school divisions and the Commonwealth of Virginia were performed to provide an in-depth and quantitative analysis of the interaction of the various component trends of the Local Composite Index and their resultant effects.

The study identified specific phenomena and their percentage contribution to the volatility of the Local Composite Index. The study found three interactive effects of the LCI ratio structure that contribute to its volatility:

* The Ratio structure can enhance the LCI value.

* The Ratio structure can dampen the LCI value.

* The ratio structure allows for Synthetic Change within the Local or State Standardized Indicators, which stimulates unpredictable patterns of volatility.

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  01-titleabstract.pdf 9.34 Kb 00:00:02 00:00:01 00:00:01 < 00:00:01 < 00:00:01
  02-tableofcontents.pdf 27.96 Kb 00:00:07 00:00:03 00:00:03 00:00:01 < 00:00:01
  03-dedication.pdf 4.35 Kb 00:00:01 < 00:00:01 < 00:00:01 < 00:00:01 < 00:00:01
  04-acknowledgements.pdf 9.99 Kb 00:00:02 00:00:01 00:00:01 < 00:00:01 < 00:00:01
  05-chap1.pdf 244.55 Kb 00:01:07 00:00:34 00:00:30 00:00:15 00:00:01
  06-chap2.pdf 100.85 Kb 00:00:28 00:00:14 00:00:12 00:00:06 < 00:00:01
  07-chap3.pdf 70.70 Kb 00:00:19 00:00:10 00:00:08 00:00:04 < 00:00:01
  08-chap4intro.pdf 6.80 Kb 00:00:01 < 00:00:01 < 00:00:01 < 00:00:01 < 00:00:01
  09-carrollcounty.pdf 69.44 Kb 00:00:19 00:00:09 00:00:08 00:00:04 < 00:00:01
  10-fairfaxcounty.pdf 67.62 Kb 00:00:18 00:00:09 00:00:08 00:00:04 < 00:00:01
  11-loudouncounty.pdf 66.05 Kb 00:00:18 00:00:09 00:00:08 00:00:04 < 00:00:01
  12-buenavista.pdf 64.76 Kb 00:00:17 00:00:09 00:00:08 00:00:04 < 00:00:01
  13-hamptoncity.pdf 61.18 Kb 00:00:16 00:00:08 00:00:07 00:00:03 < 00:00:01
  14-chap5.pdf 24.43 Kb 00:00:06 00:00:03 00:00:03 00:00:01 < 00:00:01
  15-references.pdf 19.07 Kb 00:00:05 00:00:02 00:00:02 00:00:01 < 00:00:01
  16-glossary.pdf 129.68 Kb 00:00:36 00:00:18 00:00:16 00:00:08 < 00:00:01
  17-appendixb.pdf 12.00 Kb 00:00:03 00:00:01 00:00:01 < 00:00:01 < 00:00:01
  18-appendixc.pdf 405.64 Kb 00:01:52 00:00:57 00:00:50 00:00:25 00:00:02
  19-appendixd.pdf 8.20 Kb 00:00:02 00:00:01 00:00:01 < 00:00:01 < 00:00:01
  20-vita.pdf 8.09 Kb 00:00:02 00:00:01 00:00:01 < 00:00:01 < 00:00:01

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