Financial Crisis

The latest news about the effect of the financial crisis on education, including articles, Commentaries, and special features.

California Gov. Jerry Brown discusses his state budget plan during a news conference earlier this year in Sacramento, Calif. Brown is staking much of his budget and political capital on a tax increase that California residents will vote on Nov. 6.
—Rich Pedroncelli/AP

California Districts Wary in Advance of Tax Vote

California school districts shy away from budget commitments that hinge on passage of a tax hike in November. (July 16, 2012)

Spotlight on the Stimulus

This Spotlight brings together the latest information and analysis on the federal economic-stimulus package.

Issue Backgrounder

For more background on this topic, see:
School Finance

Chat Transcript

Education's New Economic Reality
In this 2011 chat, experts discussed the impact of the ‘Great Recession’ on schools.

Special Collection

Quality Counts 2011
This report examined both the lingering concerns the about the economic recovery, and opportunities for innovation despite depleted budgets.

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The Chicago public school district, currently facing a billion-dollar deficit and lawsuits over school closures, announced Thursday that it was laying off about 2,100 teachers and support staff.
July 19, 2013 - AP
U.S. Education Secretary Arne Duncan urged city and state officials to resolve the Philadelphia School District's $304 million shortfall to avert a crisis.
July 3, 2013 - McClatchy-Tribune
State lawmakers continue grappling with major changes to their teacher-retirement systems.
June 4, 2013 - Education Week
Chicago's closing battles echo those in a growing number of urban districts where financial pressures are colliding with the needs of poor and minority communities.
May 30, 2013 | Updated: June 3, 2013 - Education Week
Congress has yet to take action that would ward off education cuts for the 2013-14 school year.
March 21, 2013 - Education Week
Even as they seek to quantify the impact of across-the-board federal budget cuts, some of the nation's neediest school districts brace for tough choices.
March 12, 2013 - Education Week
With budgets tight, states must link teacher pay to student achievement, Eric A. Hanushek writes.
February 5, 2013 - Education Week

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