At issue in the case is whether the State's public education finance system meets the adequacy and
equity standards required by the Connecticut Constitution (PROPOSED STATEMENT OF FACTS, Plaintiffs» Preliminary Findings of Facts and Conclusions of Law, January 5.
Otherwise, he said, the IDA would simply be forced to take a company's word that it is meeting the
pay equity standard.
Without it, the homeowner retains the option to reduce the home's loan - to - value (LTV) so that the 30 %
equity standard is met.
Critics, however, said the policy goes too far by making companies receiving tax breaks subject to random audits by the IDA that would require the firms to disclose payroll data that would allow the agency to determine whether it was meeting the pay
equity standard.
Some judges rely on purported measures of adequacy that are in fact
an equity standard in disguise.
Canadian banks never eased their lending criteria that require substantial income and
equity standards to obtain mortgages.