The third edition of the National Report Card examines the condition of states' finance systems as the country emerges from the Great Recession, but is still wrestling with its consequences. As in prior editions, this Third Edition of the National Report Card continues to make the case for states to take immediate and longer-term action to improve the fairness of their school finance systems. The Report builds on previous analyses to highlight the repercussions of the financial crisis on the fairness of states' school funding systems. This Edition also presents some additional indicators that exemplify how school finance policies affect the distribution of resources across districts. This data further illustrates the importance of fair school funding as the essential precondition for the delivery of a high-quality education throughout the states. To meet the pressing national imperative to improve educational outcomes, the states must develop finance systems designed to provide a sufficient level of funding that is fairly distributed so that all students, no matter where they live, have the opportunity to learn. Two appendices are included: (1) National Child and Student Poverty Rates; and (2) Federal Equity Commission Report. [For the second edition, see ED533413.]