Policy Analysis for California Education (PACE) is a consortium of researchers, policymakers, and practitioners from USC Rossier, Stanford, and UC Davis Schools of Education working to improve education policy in California. PACE's focus has been the Local Control Funding Formula (LCFF), which changed the state's K-12 budget allocation. The consortium's strength is in its ability to get research into the hands of decision makers, especially in Southern California, where over a quarter of the state's K-12 students reside.

School finance has become a prominent issue again due to court decisions and litigation in several states. This article explores school finance changes in the 70s and 80s and outlines key issues for the 90s, including the relationship between finance and education goals, site-based management, teacher pay, accountability, school choice, and nontraditional issues such as preschool and non-educational services for children.