This article examines some implications of the Serrano vs Priest decision for Oregon's system of financing public schools. The author presents one alternative financing method -- a Statewide system to assess, collect, and disburse to each district or county an amount equalized on a per student basis. The status of the school financing system in each of the State's 36 counties and some possible variations in both the methods and the extent of the current system arising from adoption of the alternative plan are considered. (Author/JF)