This report, prepared for Achieve Hartford!, aims to determine the impact the first three years of student-based budgeting (SBB) have had on funding equity, transparency, and principals’ sense of autonomy in Hartford Public Schools. Using six years of finance data and interviews with nine principals who led schools both before and after the district’s implementation of SBB, the report concludes that SBB is off to a strong start in Hartford. The report also notes that the district has faced several implementation challenges, which if addressed, could make SBB more impactful.