This paper describes the views of special education directors in 17 Kentucky school districts concerning effects of a 1990 law, the Kentucky Education Reform Act (KERA), which called for systemwide change in education and instituted a finance system, Support Education Excellence in Kentucky (SEEK), which uses a pupil weighting system. The study addressed cost questions comparing statewide expenditures with revenues generated for special education services, analyzing special education expenditures and revenues by types of school district, and comparing the three pupil weights used under KERA with actual costs of serving various categories of students. Overall, interviewees viewed the SEEK funding system as an improvement over the previous funding mechanism and approved the greater flexibility resulting from the blending of special and regular education funds. Directors also identified concerns with the new system, including insufficient state and federal funds to support appropriate placements, related services, staff development, materials, transportation, and facility modifications. Continuing issues of concern also included the burden of paperwork, mandated caps on class size, regulations governing the use of technology funds, and reimbursement for transportation. Policies encouraging inclusion were seen as having contributed to better use of special education resources and personnel but also have resulted in increased needs for instructional support and related service personnel, staff development, building modifications, and materials, equipment, and transportation funds. An appendix explains the SEEK formula. (DB)