Equity consequences of school finance policy changes in Kentucky were studied. Findings indicate that Kentucky experienced marked improvements in equity as a result of school finance reform, including a narrower dispersion of pupil revenue and greater fiscal neutrality. Further adjustment could produce small gains in system equity, but at…

Analysis of comparative case studies in four high- and low-wealth school districts in Kentucky indicates that, following recent school finance reform initiatives, expenditures increased in all districts but that spending patterns changed only incrementally. Nonprogramatic financial reporting masks the extent to which reform dollars are supporting…