This work on education finance covers current research and includes the historical and economic aspects of school finance. It includes updated charts and tables, discussion of recent court cases influencing state finance formulas, and clarifies topics such as lotteries, choice, vouchers, business/school partnerships, foundations, risk-management, impact fees and other relevant material. The study also covers the equity issue for the student as well as for the taxpayer. The assignment problems at the end of each chapter should be useful to both professors and students.