How can we better situate resource inequities between schools in the longer history of racial oppression and discrimination in the United States? This article provides both a historiographical panorama of the field on a range of topics related to school finance and a roadmap of archival and research paths. It seeks to sketch out the contours of a burgeoning field to show that historians of school finance have the potential to make racial dispossession a central tenet of their analyses. First, I lay out a longer timeline for the periodization of school finance history than most of the previous scholarship has adopted to recast school funding inequality within the racialized context of land and capital dispossession. Second, I situate school finance more explicitly in US political history, showing how the study of school funding policies can illuminate major historiographical debates such as the history of tax revolts, federalism, local governance, and the development of US capitalism. Finally, I chart some of the directions historians can follow to study a wider array of school finance policies beyond the surface of state school funding formulae to make the role of policymakers at all levels of education policy more visible, and to further ground school finance developments in their racial contexts.