The finances of major school districts in New York State during 1980-81 and 1981-82 are summarized in this report. Trend data are provided on full value, expenses, State aid, tax rates, and local levy. These items are also shown on a per pupil basis for the entire State, New York City, and the balance of the State. Eleven statistical tables are presented and analyzed. Tables 1-3 give an overview of the situation, displaying State aid and total expenditures for 1955-83, increases in total expenditures per enrolled pupil and State aid per enrolled pupil from 1972-83, and a break down of revenues and expenditures by funding source (i.e., State aid, Federal aid, local tax, and other local revenues). Tables 4-8 compare expenditures per pupil and fiscal capacity by school district rank. Table 4 provides a comparison of districts by decile, while Tables 5-8 show some averages for the State which include and exclude New York City. These tables also show figures for the other five big cities in the State, New York City surburban districts, and the tax limit small city districts. Tables 9-11 provide an overview of 5-year trends (1977-82). Total pupils, key expenditure categories, school district tax levy, and full valuation are presented by total State, New York City, and rest of State. Table 9 contains gross values; Tables 10 and 11 are on a per pupil basis. (CMG)