This report presents state-level analyses of revenues and expenditures for the 1997-98 school year. National Public Education Financial Survey data form the core of these analyses, but information is supplemented by data on state demographic and fiscal characteristics from the Bureau of the Census and the Bureau of Economic Analysis. The National Public Financial Survey (NPEFS) is an annual survey of state financial data that is part of the Common Core of Data. The NPEFS collects data on revenues and expenditures in grades prekindergarten through 12 in public schools in the 50 states, the District of Columbia, and the outlying territories. Analyses of revenues and expenditures per pupil are presented using both unadjusted and cost-adjusted dollars. Cost adjustments are designed to take into account differences in the cost of education across states.
