This report represents the Educational Priorities Panel's third look at school districts educating the majority of African-American and Latino students in the state. The intent this time is to look at the broad picture. The NYS Education Department reports student test data for these students, but the Department's funding analysis does not. The Educational Priorities Panel wanted to evaluate how districts with a majority of African-American and Latino students fared in funding and expenditures. This bottom-line analysis looked at seven measurements: (1) increases in per-pupil state aid and per-pupil total expenditures from the 1995-96 school year to the 2000-01 school year, a time of robust increase in state school aid during a time of a good New York State economy; (2) a comparison of instructional expenditures for general education students and for special education students in the 2000-01 school year; (3) increases in Building Aid to school districts during this same period; (4) local tax effort for public schools during this same period; (5) a comparison of 2002-03 estimated state aid to 2003-04 estimated state aid, when overall school district funding was reduced because of the weak national and state economy; (6) a comparison of student achievement on test scores in the 1997-98 school year and the 2001-02 school year on the state's fourth and eighth grade English Language Arts and Math tests; and (7) student access to schools where a majority of students are testing at or above grade level at the fourth and eighth grades. It is important to note that this report's analysis is limited to school districts based on their funding and expenditure levels and their average performance on standardized tests. This report's measurements reflect how districts serving a majority of African-American and Latino students are faring, but not how African-American and Latino students are faring within these districts, which would take a significantly more detailed analysis. (Contains 29 tables and 16 charts.)