Equity in school funding refers to the fair distribution of financial resources among schools, ensuring that all students have access to quality education regardless of their background or location. This concept aims to address disparities that arise from differences in local property taxes, which can lead to significant funding gaps between wealthy and low-income school districts. To achieve equity, policymakers often advocate for funding formulas that consider factors such as student needs, poverty levels, and special education requirements. By prioritizing these elements, the goal is to create a more balanced educational environment where every student, including those from marginalized communities, can thrive and succeed.