Based on a study of how eight states have pursued educational reform, this booklet reviews new issues facing school finance as a result of the recent upsurge of interest in educational improvement. The booklet has four sections. The first section discusses changing state fiscal and political contexts within which reforms are being debated. Section…

After being placed on the back burner during the 1980s, school finance is again a major issue. In the 1970s, reliance on property taxes created school district disparities because of unequal tax bases. Legislative reforms enacted between 1971 and 1985 had the following characteristics: school finance formulas were revamped; the state role in…