On January 27, 2015, The Lincy Institute hosted a forum that focused on the progress and results of commissioned studies that detail the components of an adequate education for K-12 students in Nevada. Mr. Justin Silverstein and a team of researchers from Augenblick, Palaich and Associates presented their adequacy study findings. This current study is an adequacy study examining the base cost and adjustments needed for students in Nevada to meet state standards. In the early 1990s, states began to implement Standards‐Based Reform in education. By implementing Standards‐Based Reform, states set standards for students, teachers, schools, and districts. States then use tests and other measures to evaluate success in reaching these standards. Accountability systems have been created by states to hold schools and districts accountable for performance. Adequacy studies examine the resources needed for students, schools, and districts to meet state expectations. A number of approaches have been developed to examine these resource needs. In this particular study, APA utilizes the PJ approach, described below, to study adequacy, meaning the resources needed to ensure all students can be successful.