This document analyzes specific provisions of the Ohio bill that attempts to revise the state's system of school finance. The bill attempts to resolve differences in valuation, tax rate, and wealth while providing basic educational services as well as services to nonpublic schools and to handicapped and special students. On the negative side, the bill does little to solve the inherent inequalities of the property tax itself, does not address the problem of the cities that have to spend an excessive amount of their tax revenues on services other than education, does not resolve the differences in expenditures between rich and poor districts, does not keep pace with inflation, and does not address the question of how much per pupil expenditure is needed to provide a good education. On the positive side, the bill does allow low property valuation districts as much choice as more wealthy districts in deciding how much money to provide for their schools, does provide incentive for poor property wealth districts to increase their tax rates, does compensate for economic and enrollment changes, and does facilitate longer range planning. (Author/IRT)