The 1988 Act established the new goal of funding an adequate level of education for every student in the state, regardless of local wealth and costs.  The 1988 Act also sought to address tax equity issues by seeking to balance the K-12 funding responsibility equally between local and state sources. In addition, the 1988 Act sought to standardize the mill levy in all school districts across the state regardless of the property values in the district.    Although the state never fully-funded its goal of achieving “adequacy” in K-12 funding, the state did succeed in getting almost all school districts to pay the same mill levy regardless of local wealth, and the state successfully met its target of equalizing the contributions from local and state sources to fund K-12.

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