Since the publication of the original report, entitled "Fiscal Profile of America's Public Schools, 1981-85, and Associated Energy Implications," the national school revenue picture reveals: (1) a decline in federal aid to education, (2) a decline in state fiscal capacity, (3) a reduction in the state-local portion of public l 826/827 sector support, (4) a drop in education's portion of the state-local public sector, (5) greater diversity among states in support for education, (6) growth in the states' share of funding public schools to over 50 percent from all sources, and (7) the lowest level of local support in the history of American education. Two dimensions important to an assessment of future financial demands--the demand for schooling and operational needs--are analyzed. The inextricably linked facets of price, energy source and/or mix, and availability are discussed in relation to each fuel source. Projected cost comparisons across fuel sources are presented following the treatment by fuel type. Fuels and their relation to schools are then analyzed. The report concludes that energy conservation is the public schools' only alternative to seeking additional revenues or cutting educational services to students. Ways of financing energy conservation are outlined. The report concludes with recommendations to federal, state, and local policymakers. A selected bibliography is appended. (MLF)