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Published: 1996

Total Pages: 8

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Financial data on public elementary and secondary education are collected and reported each year by the National Center for Education Statistics, part of the U.S. Department of Education. The data are part of the National Public Education Financial Survey, one of the components of the Common Core of Data collection of surveys. This document presents statistics for revenues and expenditures for public elementary and secondary education for the 1993-94 school year. Over $260 billion of revenues were raised by local, state, and federal governments to fund public education for students in prekindergarten through the 12th grade in school year 1993-94. The greatest part of educational revenues came from student and local governments, which provided 93 percent of all revenues. Current expenditures (those excluding construction, equipment, and debt financing) came to $232 billion. This represents a 4.6 percent increase over expenditures in the previous year (in unadjusted dollars). Three out of every five dollars were spent on teachers, textbooks, and other instructional services and supplies. An average of $5,325 was spent on each student--an increase of 2.5 percent from 5 years ago (after adjusting for inflation). Definitions of terms, 2 figures, and 4 tables are included. (LMI)