HB 3 and related legislation during the 86^th Session represents the most significant change in the financing of public education since at least 1984.  Like the 1984 legislation, the effects of HB 3 will not be fully implemented in just a year or two.  The success of the new legislation will be heavily influenced by both the ability of the state to maintain its financial commitments and the degree of commitment to making further reforms in public education during the 87^th Session.  State actions and studies regarding school safety and special education financing will be given particular attention, and the multitude of formula changes still in process will be reviewed, including the potential for legislative and/or administrative action.