In this article, Aleman examines how Mexican American district leaders conceptualize and argue for a more equitable system of school finance. The superintendents studied are politically active educational leaders who participate in the school finance debate while advocating for their Mexican American constituency. The author addresses the nature of the superintendents policy and political discourse and their conceptualizations of race and racism in their political strategy. In these analyses, the author uses a Critical Race Theory (CRT) framework and argues for a more critical debate of the inherent institutional racism at the foundation of Texas school finance policy. (Contains 15 notes and 4 tables.)