Editorial: PA’s fair funding formula for basic education doesn’t live up to its name

Posted Mar 7, 2019 at 5:57 AM Let’s say you’d like to refinance your home’s 6 percent, 30-year fixed-rate mortgage to lock in a new interest rate of, say, 4 percent. After you do the deal, you’re told your new 4-percent rate will only apply to 10 percent of the $200,000 mortgage. So you’d get the new rate on $20,000. The other $180,000 would continue to drum up interest at the 6 percent rate. You’d probably wonder how that’s going to make any difference at all. You might even say it wasn’t fair. That’s one way to think about something that’s happening with public school funding in Pennsylvania, but that might be ...