According to a recent UK study the gap in current expenditures per student between metropolitan and non-metropolitan districts fell from $600 in 1987 to $10 in 2006. Equitable funding is KERA's clearest success. Adequacy remains.
But what does equity look like in a funding system that mixes state and local resources? For that we turn to the Prichard blog where Susan Weston has posted some figures.
...the twelve districts with the most taxable property per student put in more local money and receive less state money than state average, yet all have total base funding within $400 of the average.
...the twelve districts with the least taxable property put in less local money and receive more state funds, yet all end up with base resources within $615 of the average.