Full State assumption of educational finance would (1) distribute educational resources according to children's learning needs, rather than local property values, (2) provide a wide range of subject and topic choices to students, (3) remove financial barriers now confining low income areas, (4) encourage State governments to raise educational productivity, and (5) provide more equitable financial burdens to tax payers. The Fleischmann Commission report is presented as a model of full State assumption that addresses the issues of leveling per student expenditures, local control, social integration, and collective bargaining. Implementation problems include the requiring of low spending districts to increase their per student expenditures, the imposition of a spending ceiling on wealthy districts, and the plight of poor people in rich districts where tax rates would increase. It is concluded that more information is needed in order to design a perfect full State assumption plan. (Author/DW)