Data in this report provide information about the extent to which national, state, and local governments commit resources to educate the youth of the nation. In its 53rd year, this publication provides current information on public school enrollment and participation, employment and compensation of personnel, and finances, as reported by the state departments of education. The state-level data reported permit broad assessments of trends in staff salaries, sources of school funding, and levels of educational expenditures. These data show that public school enrollment is expected to increase by nearly 627,000 students from 1993-94 to 1994-95, with the increases slightly larger for the secondary grades. This will represent the tenth consecutive increase since 1984-85. A concomitant increase in the number of teachers is expected, with an increase of over 45,000 projected from 1993-94 to 1994-95. State education agencies expect an increase of about 3.1% in the average teacher's salary, and a 2.9% increase in per pupil expenditure. Local governments provide the largest share of public school financial support, at 46.7%, while the federal government is expected to provide 7.3% to public elementary and secondary school revenues. (Contains 11 tables and 19 figures.) (SLD)