From an analysis of state legislative and policy documents, this report reviews how states’ school funding programs currently address the needs of English learners and students from low-income families. We contextualize these approaches by summarizing findings from six school finance studies across several states that estimate the additional funds needed to support students from these backgrounds. We conclude with considerations for state policymakers in allocating funding to support the needs of these two student groups. While not comprehensive, this policy report allows the reader to better understand how states can provide additional funding to students who qualify as English learners and low-income.