A recession is coming, and the consequences are likely to be devastating for public schools – unless state and federal policymakers learn from the last downturn and take smart steps to cushion the blow.
That’s the message of “The Coronavirus Pandemic and K-12 Funding,” a new report from the Albert Shanker Institute. It points out that schools in many states never recovered from the 2007-09 recession. Now they are about to be hit with another one, and it may be worse.
“That is, many jurisdictions will be facing a possibly unprecedented funding crisis while they are still digging out from the last one,” co-authors Bruce Baker and Matthew Di Carlo write.