A survey of 28 school districts attempted to estimate costs of adopting reforms recommended in the final report of the National Commission on Excellence in Education. Specifically examined were only those recommendations most readily quantifiable by cost. These included the suggestions that (1) salaries for the teaching profession should be increased and should be professionally competitive and market sensitive, and (2) significantly more time should be devoted to learning. The Commission's report asserted that achieving these goals will require more effective use of the existing school day, a longer school day, or a lengthened school year; 7-hour school days and a 200- to 220-day school year were recommended for consideration by school districts and state legislatures. Findings, among others, indicated that implementing market-sensitive salaries and longer sessions could increase school districts' budgets an average of 27 percent. A wide disparity in the financial capability of school districts to implement reform was also found. It was concluded that the cost of reform is substantial but not unattainable. (RH)