As part of a nine-volume, six-state study of the impact of school finance reform on minorities and the poor, the author examines the history and effects of finance reform in Florida. He chronicles Florida's school financing methods since 1947 and discusses the aid formula instituted under the state's 1973 reform law. Correlation coefficients, percentiles, and averages are used to analyze data on educational revenues, school district wealth, tax effort, ethnicity, personal and family income, and urban location. Among the empirical findings are that blacks are less concentrated in particular school districts than are Spanish-background students and that the 1973 reform caused a slight increase in fiscal neutrality, an increase in state revenues to districts with high concentrations of Spanish-background pupils, and little change in the relationship between school revenues and districts' percentages of black or poor students. (RW)