This report fosters discussion and deliberation on the current educational finance dilemma and discusses recent State court decisions that have invalidated existing finance systems. Possible solutions to the problems presented to State legislatures by those decisions are examined. The report (1) outlines the holdings of six cases beginning with the Serrano vs Priest decision, (2) presents the issues created by the cases, (3) looks at possible solutions, (4) presents funding and taxing approaches, and (5) discusses assumptions and dilemmas. Appendixes show disparities in the distribution of educational resources and present State elementary and secondary school data. (JF)