Times have changed, but the formula remains stuck in 1949. The wealth disparities between neighboring towns simply did not exist at anything like their current scale. The founders of the regional school system could not have foreseen the inequity their formula has imposed on most towns today.
"I still live with a faint sense of possibility that public life can progress, and that the forces of liberalism and social democracy (and hopefully decency, but that’s never guaranteed) will take power."