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I don't disagree on those points. But parents in those districts are desperate. Also, I should mention that these don't just appear as attractive alternatives to the parents in under-funded districts, but also to those outside the districts that vote on these issues. It's a much easier sell than equalizing the funding.
It's odd, my parents were both teachers and usually voted Democratic, and they supported property tax based funding, partially because they moved to a better district for that reason.