This handbook on school finance is prepared to give the taxpayers of the state of Washington an overview of the financing and organization of the public schools, grades K-12. An attempt has been made to show in general terms where the revenues to support this segment of public education come from, how they are distributed to individual school districts, and the purposes for which they are expended. Included in this publication is a brief description of the school distribution formula, and how the amount of state and local funds distributed by this formula is calculated. (Author)