Bowers, A. J. & Urick, A. (2011). In the U.S., PK-12 school districts annually spend approximately $37 billion on capital expenditures related to construction and renovation of school facilities and $48 billion on facility maintenance and operations (NCEF 2010; Hill and Johnson 2005). A perennial question posed in the literature on school facilities over the past 30 years is the extent to which the quality of school facilities may influence student achievement (Picus et al. 2005; Uline and Tschannen-Moran 2008; Roberts 2009; Earthman 2000). (Posted on June 27, 2014 with permission of Journal of Education Finance)