In 1973 Florida adopted the Florida Education Finance Program (FEFP), a new plan for financing the state's elementary and secondary public schools. The FEPP was intended to be less complex and more flexible than the Minimum Foundation Program (MFP) it replaced, while achieving greater equity in the educational opportunities available to public school students in the state. The central problem of the study was a statistical analysis of the equalization of educational funding in Florida from 1970-71 to 1980-81 to determine the state aid impact on equalization based on fiscal trends before and after the FEFP's enactment. A historical review of the development of Florida's school finance plan was conducted to determine the progress toward equalization which had occurred since 1821. The Gini coefficient and six other measures of dispersion or variability were applied to four measures of per pupil revenues to summarize the FEFP's impact on distributional equality among the state's school districts. Correlations focused on the relationship between each of the revenue measures and the following independent variables: other state revenue, district cost differential factor, exceptional student programs, vocational-technical programs, local tax rate, assessed valuation, and personal income. Major findings were that (1) disparities in the distribution of revenues have continued to widen since 1970-71, (2) a stronger relationship between personal income per pupil and total state and local revenue per pupil has developed in the state, (3) although it fluctuated somewhat across the selected years of study, the strength of the relationship between assessed valuation of property per pupil and total state and local revenue per pupil was virtually the same in 1980-81 as it was in 1970-71, and (4) analysis using the Gini coefficient indicated that there was less equalization in 198 0-81 than in any of the earlier years studied. There was no evidence to indicate that the FEFP has achieved greater fiscal equalization in the financing of Florida's public schools. Data suggested that the FEFP, in fact, had resulted in some diminution of the equalization effects among the school districts.