Superintendent's Advisory Committee on School Finance. Occasional Paper No. 2.

This document consists of a series of papers by different authors on the subject of school finance and equal educational opportunity. The papers discuss equalizing educational opportunity by means of a resource equalizer or guaranteed valuation grants-in-aid; the impact of changing school finance on metropolitan areas; and three types of equalizing formulas -- resource equalizing, percentage equalizing, and the Strayer-Haig formula currently being used in Illinois. Also considered are the difficulties experienced by schools in meeting their financial commitments because of the rising cost of educational inputs, a simulated application of district power equalization to Illinois, and post-Serrano grant-in-aid proposals in other States. Related documents are ED 060 544, EA 005 217-218, and EA 005 220. (Author/DN)