This final report of the Nebraska School Financing Review Commission includes the following items: (1) an examination of the role of income as a revenue source and indicator of wealth; (2) investigation of ways to reduce reliance on property tax for school support; and (3) consideration of alternate state aid distribution formulas. Also included are a list of statutes, historical overview, description of the current school finance structure, and review of court decisions. Findings support the implementation of a plan that includes: dedication of state income tax revenues to educational funding; increasing levels of state aid; limitations on school district budgets; development of a new equalization formula based on student needs and measurement of district wealth in terms of income and property tax resources; and provision for ongoing state revenue sources. Appendices contain an outline of state aid legislation history and statistical tables. Six figures and 16 tables accompany the text. (LMI)