The United States Supreme Court has made it clear that Congress can tax state bonds. All public purpose bonds issued by school districts must be issued in a registered format in order to continue their tax-exempt status. (MLF)

Several state courts have ruled that public money may be used to inform the voters about a school bond referendum and the project to be financed with bond proceeds, but may not be used to promote passage of the referendum. (MLF)

This document reports on the current status of school finance and the trends affecting the efforts of the organized teaching profession to secure adequate funds for public education. Numerous statistical tables and narrative reports are grouped under four sections dealing with (1) dimensions of formal education, which includes enrollment, and…