THIS REPORT PRESENTS FIGURES PORTRAYING THE STATUS OF SCHOOL FINANCE AND THE TRENDS THAT WILL HAVE SOME IMPACT ON SCHOOL FINANCE IN THE FORESEEABLE FUTURE. AMONG THE AREAS DISCUSSED ARE POPULATION AND ENROLLMENT TRENDS, STAFFING OF SCHOOLS, EXPENDITURES ON EDUCATION, AND REVENUE FOR EDUCATIONAL PURPOSES. SOME OF THE HIGHLIGHTS FROM THE STUDY INCLUDE--(1) BIRTHS AND BIRTH RATES ARE ON THE DECLINE, (2) ENROLLMENTS ARE INCREASING WITH NO END IN SIGHT, (3) THE SHORTAGE OF QUALIFIED TEACHERS AND OTHER PROFESSIONAL WORKERS INCREASED LAST YEAR, AND THERE IS LITTLE VISIBLE RELIEF AHEAD FOR THIS SITUATION, (4) STRIKES AND SANCTIONS ON THE PART OF TEACHERS ORGANIZATIONS ARE INCREASING, (5) RESISTANCE TO HIGHER PROPERTY TAXES FOR SCHOOLS IS GROWING, (6) INFLATION IS CUTTING DEEPLY INTO FUNDS FOR SCHOOLS, AND (7) FUNDS ARE BEING PROVIDED FOR RESEARCH AND DEMONSTRATION PROGRAMS IN THE SLUMS OF THE BIG CITIES AND IN RURAL AREAS TO IMPROVE THE EDUCATIONAL OPPORTUNITY OF CHILDREN AND ADULTS WHO ARE TRAPPED IN THE CAUSE AND RESULT CYCLE OF LOW EDUCATIONAL ATTAINMENT AND LOW INCOMES. THIS DOCUMENT IS AVAILABLE AS STOCK NO. 511-20824 FROM THE NATIONAL EDUCATION ASSOCIATION, 1201 SIXTEENTH STREET, N.W., WASHINGTON, D.C. 20036, FOR $1.25. (HW)