California's Proposition 13 set a maximum property tax of one percent of appraised market value, limited assessment increases to no more than two percent of cash value each year, and required that no new taxes be imposed to make up for lost revenues without a two-thirds vote of the state legislature or a two-thirds vote of all qualified voters.…

The term "school finance" refers to the levying of taxes to obtain revenue for our public elementary and secondary schools. For most people it brings to mind the local property tax, teacher salaries, and, perhaps, some personal memories of their own experiences in the schools. For state legislators school finance brings to mind the…