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 demographic and comparative data; (2) employment in the schools, which covers the characteristics, qualifications, supply, and training of professional personnel; (3) expenditures, which highlights federal support, legislative proposals for 1974, and school finance model systems; and (4) revenue, which includes tax data, information on bond elections, and a review of court decisions. Information is provided for elementary, secondary, and college levels. A related document is ED 066 802. (Author/EA)