Provides an overview of the institutional structure of educational finance in California. Analyzes the long range impact of the California reforms on school financing and student performance.

We summarize research addressing the validity of the argument that constitutional constraints such as Proposition 13 could reduce the size of local governments while having little effect on the quality of public services provided. A growing body of research is producing a consistent conclusion;...

Considers how state aid might be adjusted to compensate for cost differentials in providing equal educational resources in different localities.