They’re calling it “The Great Recession.” Not since the Great Depression of the 1930s has the United States gone through such an economic meltdown—huge increases in unemployment, steep drops in housing prices, and tight credit for even the most financially sound. These events have taken their toll on the country’s economic output and unemployment rate, and they have affected just about every classroom in the nation as well.
Education is usually one of the last budget areas to be cut, but most districts today are suffering declines in both state and local funding. At the same time, many are also facing dramatic increases in costs ranging from utilities to pension funds. With decreasing revenues and rising costs, school districts are forced to make tough decisions if they are to balance their budgets and still meet the needs of their students.
Some districts are finding ways to grapple with rising costs and limit the impact on students—for the time being. But what will be the long-term impact of this economic crisis on our next generation of students? This paper will describe what districts are up against and what the long-term impact might be.
Source: (U.S.) Center for public Education
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