Using statistical data, this paper analyzes methods for educational finance in Ontario that provide alternatives to present fiscal inequalities. There are currently five barriers to equity: the lack of directly comparable measures of local tax-paying ability, the extremes in unit equalized assessment caused by the large number of school authorities, the existence of separate assessment-poor elementary school boards, the varying levels of need for extraordinary expenditure, and the range in unit costs depending on location, pupil population, and staff. The author feels that declining enrollment has only minor implications for school finance. He predicts that in the near future the province will have to choose from three alternatives to school finance, which include the complete provincial operation of schools; the continuation of local boards, with salary grids and teacher distribution determined centrally; or an extension of the Ontario system with gradual elimination of the remaining aspects of fiscal inequality. It is the latter alternative that is discussed most fully in the paper. (Author/WD)