A valuable resource aimed at helping Michigan citizens and legislators understand the state's K-12 school finance system. Michigan has been providing aid for public schools since achieving statehood some 165 years ago, back when Michigan's Primary School Fund could afford only three tuition-free months of school per year. Policies have changed since 1837, but school finance remains a complicated issue. The most recent school finance reforms--made in March 1994 with the passage of Proposal A--were first outlined in the Third Edition of A Primer On Michigan School Finance, and the system in place prior to the 1994 reforms was the subject of the first two editions. This new edition updates its 1995 predecessor and will enlighten citizens on the current standing of Michigan's arrangements for school funding. The Primer is divided into six useful sections that provide breakdowns of policies and formulas. The authors focus on key issues, addressing questions about the sources of Michigan's public school funding, the basis for allocating funds, problems the 1994 reforms sought to redress, and problems that remain or have arisen since the passage of Proposal A. Also included is a helpful listing of where to find additional information on public school finance in Michigan. A Primer on Michigan School Finance gives educators, school administrators, business administrators, and Michigan citizens much needed information on the funding of the public school system.