This document reports the findings of a study assessing the status of school finance in Wisconsin and recommending preferred methods for funding the public schools. Seventy-nine topics were considered in five areas: state support, general aid, categorical aid, factors affecting school costs, and other topics. The study's recommendations regarding these topics are categorized into four groups: ideas ready for action, ideas for future consideration, ideas that should be opposed, and other ideas. Highlighted in a special section of the report are particularly important recommendations, as follows: (1) only one-third of the financial support for schools should come from property taxes; (2) income factors should not be used in school aid formulas; (3) cost containment should be conducted at the local level; (4) at-risk children should receive additional weighting in aid formulas; (5) state support for development of educational technology should be increased; and (6) improvements should be made in the flow of cash from taxpayers to schools. The report also contains a statement concerning Wisconsin's educational philosophy and a brief review of the context of educational finance. Appendixes list presentations made to the study group and chart the number of topics addressed in each report category. (PGD)