I don't know why you should be doing more with less when K-12 spending in the ASD has dramatically out-paced inflation over the last 14 years. I suspect its because too many resources are wasted on buildings.
Even after accounting for the high cost of living in Alaska we're #2 in the US in per capita expenditures for K-12 at 146% of the US average according to the NEA.  

http://www.nea.org/home/66703.htm