During the past five years, student enrollments in Connecticut have declined by approximately 17%. Recent State Department of Education projections indicate that the decline can be expected to continue and become more evident in the high schools through 1989. Continuing declines in both enrollment and available resources raise questions about the quality of education, school size, and the efficacy of school consolidation. The purpose of this study was to identify indicators of quality education and to compare Connecticut's small schools with their larger, non-city counterparts. School districts were compared on the basis of size with respect to costs, staffing, curriculum, achievement, attendance/dropout rates, and graduate preparation. The study concludes that there was no significant difference between small and large districts with respect to expenditure per pupil, although small districts did pay higher educational tax rates. There was also no significant difference with respect to attendance, or percentage of students in need of additional help in basic courses. Small districts with no high schools showed a significantly higher average daily attendance rate. There was little difference among districts with respect to high school persistence rates, mean scores, or percentage of students above the Stated Level of Expected Proficiency on the Ninth Grade Proficiency Examination, but small and medium high schools showed a tendency for higher test scores. While large high schools consistently offered more advanced courses, small schools consistently had a larger number of staff per 1,000 students. Larger high schools had a higher percentage of students who continued on to higher education than small schools. This document contains 28 references and 8 tables. (TES)