The purposes of this paper are to discuss the legal, economic and other implications of a 1971 landmark court ruling from a Black perspective; to advocate a position to which Black educators and others concerned with equity in educational opportunities of Black children might react; and to outline further needed research that ought to be undertaken in order to obtain better knowledge of the empirical bases for future positions on these and related issues. The California Supreme Court in Serrano v Priest declared wealth and expenditure disparities that favor the wealthy in violation of the equal protection provision of the U.S. and California constitutions. Legislatures have proposed a number of ways to satisfy the implied mandate and eventually attain quality of expenditures. This paper concludes that more equality of expenditures may well result in less equity of expenditures for Black children. Quality education for Black children cannot be bought in a system designed for white culture with equal dollars. One position advocated is that relevant educators demand equal funding for a Black perspective on all major research that threatened to have a major impact on the Black community. (Author/JM)