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Selected Papers in School Finance 1995
Does Money Matter in Education? A Policymaker's Guide

Table 3. Variation in per-pupil expenditures and the proportion of resources devoted to instruction

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                                     Actual                             Cost Adjusted
                      ---------------------------------       ----------------------------------------------  			 
                       Per Pupil           Per Pupil           Per Pupil        Per Pupil       Instruction                
                      Expenditures         Expenditures       Expenditures     Expenditures     as a Percent
                      for Current             for              for Current         for           of Total
Statistic             Operations          Instruction          Operations      Instruction      Expenditures
------------------------------------------------------------------------------------------------------------  
Mean                    $3,659               $2,137              $3,698          $2,194            $59.16
Std. Dev.                1,912                  961               1,759             825              6.28
Coefficient of                                                  
  Variation (%)           52.4                 45.0                47.6            38.1             10.6
------------------------------------------------------------------------------------------------------------  
NOTE: These data are from the 1986-87 Census.

SOURCE: Picus, L.O. 1993. "The Allocation and Use of Educational Resources: District Level Evidence from the Schools and Staffing Survey." Los Angeles, CA: The Finance Center of CPRE, Working Paper Number 34.



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