Describes the political process that resulted in passage of a comprehensive state school aid equalization formula by the 1974 New Mexico legislature. Compares New Mexico's experience with various findings and concepts from the educational literature, particularly Berke's study of successful finance reform efforts. (JG)

New Mexico's Hispanos have long participated actively in every facet of state politics--party work, candidacy, office holding, and voting. Yet, they have not shared the political rewards commensurate with political importance in state politics. The 1974 election of Jerry Apodaca as New Mexico's twenty-third Governor marked only the third time, and…