This paper reports that most of the States have appropriated more dollars to support local education than would be required to cover inflationary increases. According to the author, the new money is being channeled into equalization and foundation programs, and States are starting to experiment with "district power equalization." In its simple form, district power equalization is a technique that guarantees the yield per pupil from a given local property tax rate. The document first summarizes in detail new Montana and Kansas power equalizing laws, and then discusses the failure of full stand funding in Oregon, the only State to make a serious attempt to enact the plan this year and North Dakota's increase in State spending for operating costs from 42% to 70%. One chapter is devoted to the explanation of a plan adopted in Utah where State spending is based on cost. The document concludes with summaries of property tax reform efforts in Maryland, Oregon, Florida, and California. The appendix lists recent school finance studies undertaken by almost every State in the nation. (Author/DN)