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
Recession's toll on K-12 budgets both wide and deep
- 01-13-2011
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By Alyson Klein/Education Week
In its impact on state and local education budgets, the Great Recession of 2007-09 was like a vicious storm that swept across the landscape and left a broad—but far from uniform—trail of wreckage in its wake. Though nearly every state felt the sting of what has been called the worst economic crisis since the Great Depression, a complex and varied set of regional factors amplified the fiscal damage for states already struggling with budget pressures, while leaving a handful of others virtually unscathed. But with education typically making up at least half of a state’s overall spending mandate, K-12 suffered in most states—and badly. The economic situation was particularly dire in states that bore the brunt of the foreclosure crisis in the housing market—including Arizona, California, Florida, and Nevada—with a corresponding impact on precollegiate education owing to the close linkage between property-tax revenues and school funding. (more…)
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