History of IDEA
Jeannie Oakes, Founder and Former Director
Youth Voice in School Finance
NEW REPORT: Los Angeles' road to A-G for all
Without Dollars and Sense Powerpoint
Past Educational Opportunity Reports
Lean years ahead for K-12
- 11-15-2010
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Blog by Rick Hess/Education Week
The economic picture remains bleak, but there's growing confidence that--so long as nothing untoward happens with Ireland or Portugal...or Italy...or Greece (again)...and so long as the Middle East doesn't implode--the worst is past. In edu-circles, there are hopeful murmurs that "this will all be behind us" in another year. Such notions echo Secretary Duncan's comment last August, while touting Edujobs, that he was "hopeful" things would be looking up by fall 2011. Unfortunately, such hopes are likely to be dashed. My colleague Whitney Downs and I explain why in the just-published analysis K-12 Budget Picture: Lean Years Ahead. As John Thomasian, director of the National Governors Association Center, explains, "State budgets have not yet recovered from the Great Recession. In fact, total state revenues probably will not return to pre-recession levels until sometime around 2013." Thirteen states have already drained their "rainy day" reserve accounts, and another 28 used at least some of these funds to balance their budgets in 2009 and 2010. (more…)
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