U.S. schools face financial strain as COVID-relief aid ends |
A recent federal report on public education finance highlights potential financial challenges for U.S. schools with the looming expiration of federal COVID-relief aid. During the 2021-22 school year, schools experienced unprecedented funding variations, with states like Utah spending approximately $9,500 per student while New York spent over $29,000. Notably, federal funding surged during the pandemic, comprising 13.7% of total educational funding, significantly higher than the typical 8-10%. This infusion helped schools navigate the pandemic's challenges but is set to expire soon, causing many districts to consider cuts such as teacher layoffs and school closures. The report also noted a 2.6% decrease in state funding and a 2% drop in local revenues when adjusted for inflation. Schools have rapidly utilized the Emergency Secondary School Emergency Relief (ESSER) funds, with billions spent on immediate pandemic needs. However, as these funds dry up by September 30, with the possibility of extensions, districts face rising costs, especially in food and transportation services, which saw increases of 21.3% and 14.5% respectively. Salaries and benefits remain the largest expenses, consuming $595bn of the $767bn total spent on K-12 education. Instructional expenses accounted for nearly 60% of spending, emphasizing the high cost of maintaining educational staffing and quality amid financial constraints. As federal aid diminishes, schools must navigate these fiscal challenges without compromising educational quality.