The COVID-19 pandemic has school leaders searching for ways to keep the fiscal ship afloat amid plummeting revenues, unexpected costs, and state and local budget uncertainty. This second of three Quality Counts 2020 installments offers lessons from past economic downturns and survey data capturing district-level views of the current crisis, along with national rankings and state-by-state grades on a range of school finance indicators that provide context for up-to-the-minute planning. Articles in this issue's Quality Counts report include: (1) Education Finance Takes Center Stage; (2) Weathering a Fiscal Firestorm (Daarel Burnette II.); and (3) As Economic Downturn Takes Hold Nation Gets a 'C' on School Finance (Sterling C. Lloyd and Alex Harwin). Glossary and Grading Scale & Methodology sections are also included. [For the first installment "Quality Counts 2020: Chance for Success," see ED604437.]