In light of the passage of Proposition 13 in California, which requires rethinking of the state's school financing structure, the author assesses the advantages and disadvantages of complete state financing v retaining some proportion of the revenue function at the local level. (Author/SJL)

Discusses alternative sources for school funding to replace the traditional heavy reliance on local property taxes and addresses the problem of financial inequity between school districts. Proposes complete state financing of all school districts and an increased state income tax as possible alternatives to local property tax-based school funding.…

The purpose of this monograph is to stimulate discussion of vertical equity through an assessment of the funding systems in four states (California, New York, Texas, and Wisconsin) that ascertains how and to what extent at-risk factors are addressed. (In education, children defined as at risk of low academic achievement or of dropping out…