They would seem to be complementary measures. Lincoln, Moultonborough, and Seabrook are examples. Lee, Amherst, and Cornish are examples. There is, however, a major policy difference between these two measures of resources. The equalized valuation per pupil is a resource that is directly available to be taxed so that it may be used for local public expenditure.
Greater resources can directly lead to greater local revenue for local government.
Most importantly, the local tax burden falls directly on the owner of the resource. This is not true with local income wealth. In small towns, this can result in an especially ironic interplay between state aid and local tax burden. The best way to explain the problem is to use a specific example. The 10 percent increase in per capita income in Langdon would have resulted in lower state foundation aid.