Financial Crisis

The latest news on the financial crisis, including archives, commentary, and special reports.

Tax-Wary Voters, Needy Schools a Volatile Mix
In 2010, Republicans seized control of a majority of governors' offices and captured their greatest number of state legislative seats since the Great Depression. As the 2012 electoral race fires up, school budget cuts imposed in the past year loom.
• Read the full article.

Stimulus (ARRA)
 Want to know what the stimulus package will mean for the nation’s schools and for you? The Spotlight on the Stimulus brings together the latest information and analysis on the federal economic-stimulus package.

Issue Backgrounder

For more background on this topic, see:
• School Finance

VIDEOS ON THE FINANCIAL CRISIS


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Job Prospects Bleak for Dropouts in Philadelphia
Sixty-five percent of the city's young adults without a high school diploma are unemployed. Monica Reyes is one of them.
February 10, 2012 - Education Week
L.A. Parents Rally for More High-Quality Schools, Teachers
Thousands of Los Angeles parents and educators rallied Saturday, calling on elected officials to stop budget cuts threatening public education.
February 6, 2012 - McClatchy-Tribune
Texas Ed. Commissioner Won't Enforce Social Promotion Ban Unless Funding Restored
Texas' education chief will not enforce the ban on social promotion of students unless funding is restored to help students in danger of failing.
February 1, 2012 - McClatchy-Tribune
FOCUS ON: MANAGEMENT
Tight Budgets Put Some Superintendents on Part-Time Status
The poor economy is reshaping superintendents' work lives, causing some to share jobs, do double duty, or work part time.
January 30, 2012 - Education Week
Philadelphia School District Must Cut $400K Per Day, City Controller Says
City Controller Alan Butkovitz estimated Wednesday that $400,000 per day would need to be cut from the Philadelphia School District everyday until June 30 because of its financial troubles.
January 26, 2012 - McClatchy-Tribune
Phila. Names New 'Recovery Officer' to Lead District
Friends and colleagues say Thomas Knudsen is an expert at fixing large, failing, dysfunctional organizations.
January 23, 2012 - McClatchy-Tribune
1,200 Pittsburgh Teachers Offered Buyouts
The Pittsburgh Public Schools board approved a buyout offer for teachers, but triple-digit layoffs are still likely to occur effective next school year.
December 21, 2011 - McClatchy-Tribune
L.A. School District Will Sue to Block State Budget Trigger Cuts
LAUSD will file a lawsuit challenging the state's trigger cuts that would wipe out the busing program for the rest of the school year.
December 14, 2011 - McClatchy-Tribune
K-12 Cuts Loom as Deficit Deal Eludes Congress
Education aid would fall by $3.5 billion in 2013 under one scenario requiring across-the-board cuts to government.
December 1, 2011 - Education Week
Commentary
The 'Supercommittee' Fails Kids, Too
The supercommittee admits defeat, and Andrew L. Yarrow looks at what this could mean for public schools.
November 22, 2011 - Education Week

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