U.S. School Revenue Dropped in 2012 for First Time in 35 Years
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Public elementary and secondary schools saw annual revenue decline $5 billion in 2012, the first drop since 1977, according to a U.S. Census Bureau report.
Total expenditures fell for a third consecutive year, to $594 billion, a drop of $2.5 billion, according to the study of the 50 states and the District of Columbia issued today in Washington.