In July 1986 the John D. and Catherine T. MacArthur Foundation and the Lyle Spencer Foundation jointly funded a five-year investigation into educational finance in the State of Illinois. The MacArthur-Spencer Special Series in Illinois Educational Finance focused on three central concepts in the study of educational finance: equity, adequacy, and efficiency. These concepts were explored by traditional philosophical and historical inquiry and by operational definitions, complete with empirical and statistical inquiry.
This series of investigations was conducted on the campuses of Illinois State University and at the University of Illinois at Urbana. The co-directors of the project were Distinguished Professor George Alan Karnes Wallis Hickrod at Illinois State University and Associate Professor James Gordon Ward at the University of Illinois. Dr. Hickrod passed away December 27, 2006.
The contents below are provided purely for archival purposes, no attempt has been made to edit the various studies into some consistent narrative.