Part of a three-volume report on the effects of school finance reform, this volume examines reform efforts in California, Florida, Kansas, Michigan, and New Mexico. Data on districts' tax rates, wealth, and number of pupils were obtained from state sources. Data on household income, percent urban, percent white, and percent poverty were obtained from the 1970 Census. Researchers examined for each state pre- and post-reform distributions of revenues, expenditures, and tax rates; the degree to which reform has been accompanied by an increase in intrastate fiscal neutrality; and the kinds of districts benefitting most or least from reform. Results suggest that reform efforts in these states have produced only slightly more equal distributions of per pupil revenues and they have not reduced disparities in instructional expenditures per pupil by much. However, reform has led to a more equal distribution of tax rates in which tax rates have generally fallen in districts where the incidence of poverty is low relative to those where it is high. The state share of support for education has grown. (Author/JM)