This paper examines the present problems of urban school finance in order to determine why urban adjustments are necessary today in the new school finance formulas. It concludes that quality education, including quality integrated education, cannot be obtained by letting funds for urban education diminish. Cutbacks in staff, program offerings, books and materials, and other items will make the job of providing quality integrated education even harder. Metropolitan and State policy makers must become convinced and must act to insure that the totality of problems and that needs of urban education are addressed fairly and justly in future reforms of State school finance systems. This is essential if local urban education leaders are to be in positions to plan and implement quality education for all groups, minorities and whites alike. (Author/AM)