Various simple ex post wealth neutrality measures capture different aspects of the concept; the use of one measure alone or several measures independently can lead to interpretation problems. The Adjusted Relationship Measure is introduced to pay attention to actual revenue differences associated with wealth differences. (Author/BW)

Court-imposed school finance equalization and tax limitation measures in California have created a centralized system of school finance. Political tensions and conflict that have arisen from this centralized control are discussed, with reference to the Serrano mandate and categorical funding. (SLD)

Recent national information is presented on the relationships among school district poverty, local fiscal needs and capacities, and Chapter 1 allocation levels. Focus is on assessing how the relationship between poverty and local fiscal capacity affects a school district's state/local revenue base. Targeting federal compensatory aid correctly is…