The Texas Supreme Court has sent the Texas school finance case back to trial to consider the suitability, adequacy and equity of the Texas school finance system. From its filing in 1984, the Texas case has generally been seen as an "equity" case. The trial set for July 2004 is generally seen as an "adequacy" case. This article clarifies the differences and overlaps of these two legal theories. [This document originally appeared in the "IDRA Newsletter", however some accompanying charts and graphs may not be provided here.]