Developing and Applying Analytical Tools to Evaluate the Distributional and Equalization Effects of Federal Grant-in-Aid Formulas and to Improve Formula Performance. Formula Evaluation Project

摘要

The report describes a project designed to develop information and analytical techniques to improve evaluative data on the performance of existing and alternative formula-distributed Federal grants-in-aid to state and local governments. The study includes a description, classification, and review of grant-in-aid formulas; formula issues and alternatives; a formula evaluation framework with respect to distributional impact; equalization analysis and the GAP analytical model; and formula evaluation results. Various aid programs are studied and working papers prepared for each.