This booklet is concerned with the functioning of the State and local programs for financing public schools in Nebraska. Its purpose is to encourage more people to study the problem of educational finance both in practice and in theory. Discussion focuses on the School Foundation and Equalization Act of 1967. This legislation transferred part of the property tax burden to a sales and income tax thus creating greater equality of financial ability to support education among the school districts. Instructions and examples are provided that permit calculation of a school district's financial entitlement from the School Foundation and Equalization Act. (Author/JF)