Summary statistics on revenues for elementary and secondary education during the 1977-78 school year, broken down by state, are reported in this publication. It also contains data on operating expenditures, capital outlay, and level of debt service for local school districts. Table four includes all current expenditures for elementary education, including that for state administration. Table five shows total current expenditures for public elementary and secondary education at the local level, presented according to major functional categories. Table nine presents current expenditures defined by Public Laws 81-874 (School Assistance in Federally Affected Areas) and 89-10 (the Elementary and Secondary Education Act of 1965). The information in the report is directed particularly to both educational researchers and those who administer programs under the federal laws referred to above. (PGD)