Designed for aspiring school leaders, this text presents the realities of school finance policy and issues, as well as the tools for formulating and managing school budgets. The 3rd edition of American Public School Finance builds on the previous two editions and provides up-to-date information and statistics on current topics and issues. The focus questions, case studies, and chapter questions/assignments provide instructors with resources to teach and assess student understanding of key concepts and information. Most important, Owings and Kaplan write in a style that is scholarly, but that graduate students in school leadership can understand and emulate. Finally, this new edition coordinates the chapter content with the ten Professional Standards for Educational Leaders (PSEL) making it easier for professors to map their course content and key assessments to the standards.-Marily Hirth, Associate Professor, Educational Leadership and Policy Studies, Purdue University