A comprehensive program for finance reform of the Texas school system based on an analytical paradigm that encompasses adequacy, equity, and efficiency considerations is introduced. Topics such as the development of the Texas conceptual model, the structural elements of the allocation model, and the development of the revenue-raising system are also discussed. The analytical model based on core characteristics of a school finance program, a philosophical equity hierarchy, and the nexus of school finance goals and structural elements is compared with the proposed comprehensive model. Features of the proposed model include local property tax relief, implementation of a state income tax, and increased state revenues. Five tables are included in the text. (35 references) (LMI)