An earlier version of the findings about the use of the education dollar can be found in our 1995 Phi Delta Kappan article that concluded that the traditional way education dollars are spent produce neither fiscal smoking guns nor fiscal academy awards . This article drew on several years of study when the principals in our firm directed a national school finance center. The 1995 annual yearbook of the Association for Finance and Policy summarized what we and others discovered about how education dollars are traditionally used.
