An economic recession is inevitable and public schools are likely to suffer. Across many states, the public schools have finally recovered from deep cuts to state funding during the 2008 recession; other states have not yet caught up. Now we are headed into another recession.
The Learning Policy Institute’s Michael Griffith describes the recession we can expect in the coming year and explains why school funding is so vulnerable: “In the past 5 weeks alone, since sates began to issue shelter-in-place orders, virtually all 50 states have significantly reduced economic activity… and almost 22 million Americans—more than one in ten working adults—have applied for unemployment insurance. The International Monetary Fund has predicted that this will be the worst economic downturn since the Great Depression. This downturn will impact state tax revenue and thus result in reduced state PreK-12 education spending.”
How much do public schools depend on state revenue? Griffith…
View original post 859 more words