The National Center for Education Statistics (NCES) forecasts that current expenditures in public elementary and secondary schools will reach $161.0 billion in school year 1988-89 in constant 1987-88 dollars. In 1987-88, current expenditures were estimated to be $156.5 billion. Current expenditures per pupil in average daily attendance are forecast to be are forecast to be $4,327 in 1988-89, compared with $4,217 in 1987-88. Current expenditures, which increased 23 percent from 1982-83 to 1987-88, after adjustment for inflation, are projected to increase 13 percent from 1987-88 to 1992-93. Current expenditures per pupil in average daily attendance are forecast to rise 9 percent from 1987-88 to 1992-93. This follows a 21 percent increase from 1982-83 to 1987-88. Technical notes discuss the methodology, forecast accuracy, and sources of data for this targeted forecast; an address where further information may be obtained is included. (MLF)