This study is the twelfth in a series of studies conducted by the American Association of School Administrators (AASA) on the impact of the economic downturn on schools. AASA launched the series in fall 2008 in response to state budget shortfalls, federal buyouts and interventions, and a series of additional events characterizing a slowing, stagnant economy. As the economic situation worsened, AASA continued to monitor its impact on schools through a series of surveys of school administrators nationwide. "Weathering the Storm" is based on a survey of school administrators conducted in February 2012. A total of 528 school administrators from 48 states completed the survey. Many of the questions in this survey are repeated from earlier surveys and reinforce AASA's ability to collect and analyze long-term data. New to this survey is a look at what school administrators think about sequestration, the automatic, across-the-board cuts that will take effect in January 2013 is Congress fails to adopt a $1.2 trillion debt/deficit reduction plan.