Equality – Every student has the same access to all programs.
Examples:
1) State funding for programs for all students; i.e., Math, Reading, etc.
2) Local funding that is equal for each similar school regardless of their status; i.e., all elementary schools in the district get the same amount, etc.
Equity – A fair system that responds to the needs of the individual; i.e., state funding for special programs to meet the needs of all students.
Examples:
1) Compensatory funds for low SES students
2) WADA funding for different groups
Adequacy – A school district that receives financial support sufficient to provide support for all programs and all students
Examples:
1) Total allocation of the state foundation program; i.e., when teacher salaries are too low, when textbook prices go up, etc.
2) Tier I portion of the funding formula’s basic allotment: the cost of education adjustment and the small district adjustment
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