Schools across America are struggling to regain their footing after the educational earthquake caused by COVID 19. Before they’ve fully recovered, they’ll face an unprecedented tsunami of red ink.
Schools are funded by a combination of local, state, and federal dollars. In an effort to decrease financial inequities across school districts of disparate means, state policymakers in the last decade substantially increased the share of school funding that comes from state income and sales taxes. With unemployment clams at 22 million and rising, retail sales currently illegal, and a major recession on the horizon, school districts are, to borrow a phrase from President Obama, going to take a shellacking.
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