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Where's the smart money in a Great Recession?

from Education Week (commentary)

America's schools are getting hammered by the Great Recession. Declining budgets have pushed district leaders to lay off teachers, shorten school years, and cancel summer programs. Their cost-cutting gymnastics have increased K-3 class sizes, closed libraries, and deferred maintenance. And while a leaky roof might not affect student performance overall, curricular and instructional losses cut at the heart of the educational enterprise. The source of all this trouble is no mystery. With recession-driven sales- and income-tax revenues down, states have been hard pressed to meet their obligations. The National Governors Association and the National Association of State Budget Officers recently reported an approximate 7 percent drop in fiscal 2010 state expenditures nationwide. more


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