Funding crisis looms for public schools |
U.S. public school enrollment has been declining since 2020, leading to a significant reduction in state funding for schools. As federal pandemic relief funds expired in September 2024, many districts face a financial crisis, with an estimated 250,000 education jobs at risk, valued at $24bn. Marguerite Roza, director of the Edunomics Lab at Georgetown University, warned: "If you take on recurring commitments, financial commitments, you're going to really find that in 2025, we will be calling it the bloodletting." The decline in enrollment, particularly in California, exacerbates the funding issue, as schools are funded based on student numbers. Education experts highlight that while some districts managed staffing through attrition, others failed to plan for the impending financial cliff, which could have lasting impacts on public education. Mike Fine, chief executive of the Fiscal Crisis and Management Assistance Team, emphasized the difficult reality: "The dollars are limited, and we have to live within the bounds of the financial support that we have."