This paper describes funding formulas for the new Foundation School Program in Texas enacted under the Education Opportunity Act (H.B. 72), raises issues that have accompanied its first year of implementation, and provides preliminary data to compare prior and existing law. The state finance system, which previously distributed state aid according…

Just 1 day before a court-imposed deadline of June 1, 1993, Texas Governor Ann Richards signed into law Senate Bill 7 (S.B. 7), the newest version of the Texas school finance system. This paper describes the state's new school finance system with regard to the following: (1) its constitutionality; (2) the provision of a system that equalizes…