Definition of «equalization formula»

The phrase "equalization formula" refers to a method or calculation used to ensure fairness and balance between different entities or individuals. It aims to distribute resources or opportunities in such a way that everyone gets a fair share, despite differences in their circumstances or starting points.

Sentences with «equalization formula»

Like equalization formulas in other states, the one in Kansas was designed to help poor, primarily urban districts, not the sprawling, land - rich agricultural areas of the state, like Beloit, where Mr. Bottom serves as superintendent of schools. (edweek.org)
In 1972, when Kansas implemented a school - finance equalization formula, John Bottom was one of its staunchest critics. (edweek.org)
Last session there was proposed legislation to move to a solely district income based equalization formula, which according to this LFB analysis would have resulted in an over 60 % 68 % loss in aid for MMSD. (madisonamps.org)
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