Current expense tax rates, local current expense revenues, total current expenses from all revenue sources, and expenditures for salaries were analyzed in 16 school districts to review the effects of a state statute that significantly modified the formula of state equalization fund allocation. Twenty-four tables of financial information are used to illustrate information that shows the success of the statute that has produced a number of desirable effects such as more equal teachers salaries. Seven of the 24 tables are given in an appendix. (EJS)