The study reported in this document examined Connecticut's present system for financing public education and analyzed alternative systems. On the basis of study findings, some conclusions are presented in this report concerning (1) the total fiscal system within which Connecticut finances its schools, (2) fiscal disparities in the established method of funding public education, and (3) ways that Connecticut could achieve a high degree of fiscal equity and neutrality in its school finance system. The authors first describe and interpret the overall nature of Connecticut public finance and its relationship to the State's system of educational support. They then delineate the tax and expenditure characteristics of the present system of school finance and discuss their shortcomings. Next, using simulation analysis, the authors examine the financial requirements and likely fiscal impacts of alternative funding schemes. The presentation concludes with an outline of some policy recommendations designed to guide the Connecticut Education Association in its deliberations over revision of the State's present school finance system. (Author/DN)