The inequalities are greater now than in '92. Some states have equalized per-pupil spending but they set the 'equal level' very low, so that wealthy districts simply raise extra money privately.

Summary

This quote is highlighting the issue of educational inequalities in the present, when compared to the situation in 1992. While some states may have taken steps to equalize per-pupil spending, this effort may be undermined by setting the "equal level" of funding at a low amount. Consequently, wealthier districts have the ability to supplement their funding through private means, exacerbating the disparities in educational resources and opportunities among different districts or schools. Thus, the quote implies that despite attempts at equalization, the inequalities in education have actually grown or persisted over time.

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