The Disparity in the Way State Funds Are Used and Distributed - Essay Example

The paper "The Disparity in the Way State Funds Are Used and Distributed" is an excellent example of an essay on macro and microeconomics. The current budget of North Carolina, which stands at $19.7 billion, has largely cut on education spending. Schools in North Carolina are funded differently depending on their locality. Schools in low-income areas are supposed to get more funds than schools in higher-income areas; this is because the former are likely to have poorer learning facilities and more educational needs than the latter (North Carolina General Assembly, 2010). However, in most cases, the schools that are supposed to get more funding are the ones that get less. There is also a considerable disparity in the way property tax is collected. According to the state’s General Assembly reports, counties and other areas within the state which record high income are likely to provide higher property tax to their county governments than low-income areas. 

Title VI of the Civil Rights Act is very clear in its statement that there should be equity in the way state funds are used and distributed (North Carolina General Assembly, 2010). The variations that exist in large urban school districts should be done away with since they are a sign that there are patterns of race and class stratification in the disbursement of education funds. All schools are entitled to equal funding and if there is to be any additional funding for any reason, it should be fully accounted for. On the issue of property tax, urban settings normally attract more tax than other areas. However, the taxation policy should be regulated sp that no property owner is taxed using disproportionate rates. In North Carolina, high-income areas such as Wake and Mecklenburg Counties attract quite a large property tax percentage when compared to other counties. When taxation for the property is regulation, the amount of property tax that residents of these affluent areas will definitely come down to a more reasonable level. Read More