Detailed information is provided on each of eight states included in a study of selected education finance characteristics. The eight states are Delaware, North Carolina, and Washington (States with a high level of state funding relative to total state-local funds for education); New York, Michigan, and California (moderate state aid states); and Colorado and New Hampshire (low state aid states). School district fiscal characteristics such as per pupil property values, property taxes and rates, and income characteristics by type of school district are described. The major factor explaining disparities in per pupil expenditures is teacher characteristics (salaries, years of teaching, and level of education). (For related document, see ED 058 473.) (Author/CK)