In this study, the researchers examined ways in which Texas school districts spent their monies over the past three years. Specifically, we analyzed over three years of data to ascertain the extent to which differences were present in percent expenditures (i.e., central administration, instructional leadership, school leadership, co-curricular/extracurricular activities, and instruction) as a function of the accountability rating received by the school district. In each analysis, controlling for the percent of students who were economically disadvantaged in each district, statistically significant and consistent differences were present across the years of data analyzed. That is, for each of the research questions, school districts spent their monies differently as a function of their accountability rating. Implications of these findings, as well as suggestions for further research, are made.