Recession's Toll on K-12 Budgets Both Wide and Deep
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...
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