Economic recovery skips the classroom
North Penn School District outside of Philadelphia is facing $2.5 million in budget cuts.
March 27th, 2012
02:45 PM ET

Economic recovery skips the classroom

By Tami Luhby @CNNMoney

NEW YORK (CNNMoney) - Don't tell school districts that the economy is picking up.

Many are still too busy figuring out how they are going to teach their students with diminished resources.

More than eight in 10 districts say they are inadequately funded, and more than half anticipate a decrease in state and local revenues for the coming school year, according to a recent survey from the American Association of School Administrators.

Even in districts where state aid is stabilizing, local funding is shrinking or costs are rising faster than revenues. Many are only now feeling the effects of the housing bust as towns lower property assessments, which affects the property tax revenues that many schools depend on.

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Filed under: Economy • Issues • Policy
soundoff (One Response)
  1. Andrew

    I think that lowering the funds may be a good thing because it will teach schools that they need to be careful on what they spend there money on so they have enough money to buy the basic things every school needs.

    March 27, 2012 at 4:20 pm |