Nearly every state has flaws in how it funds public education, particularly when it comes to equitable funding for historically underserved students. While challenges vary by state, there are five common pitfalls in education finance equity: (1) Formulas do not fully account for differences in student learning needs; (2) There are too many school districts segregated by wealth; (3) Some schools are funded in an entirely different way; (4) States do not provide enough funding to adequately address student learning needs; and (5) States used outdated or insufficient methods to account for local tax revenue.