Financial Crisis

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

Adama Dembele talks to 5th graders after an African drum and dance lesson at Vance Elementary School in Asheville, N.C., among the efforts funded through the Asheville City Schools Foundation.

Parent, Community Groups Pressed to Fill K-12 Budget Gaps

Cash-strapped school districts turn to outside groups for help in paying for staff and academic essentials, prompting frustration from some. (March 13, 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.

VIDEOS ON THE FINANCIAL CRISIS


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States' Fiscal Outlook Is Still Gloomy
A majority of states are considering cuts for K-12 schools and higher education.
June 7, 2010 - Education Week
High School Students Face Hard Lesson in Economics
June 3, 2010 - AP
Commentary
Districts' Financial Crisis Is Not the Time to Talk Reform
The first casualty of budget instability, writes Harold J. Kwalwasser, is innovation and transformation.
June 3, 2010 - Education Week
New $23 Billion for Teacher Subsidies Falters in House
May 28, 2010 - AP
New Push Launched for Education Jobs Bill
Teachers' unions, Democratic lawmakers, and the Obama administration take a fresh tack in hopes of securing $23 billion in new aid.
May 26, 2010 - Education Week
Cash-Strapped Districts Cutting Summer School
May 24, 2010 - AP
Congress Urged to Tie Aid in Jobs Bill to Elimination of Seniority-Based Firing
"Last hired, first fired" policies are being debated as part of the $23 billion education jobs bill Congress is considering.
May 18, 2010 - Education Week
Slew of Layoffs May Be Linked to Overhiring
Between the 1999-2000 and the 2007-08 school years, the teacher force increased at more than double the rate of K-12 student enrollments.
May 18, 2010 - Education Week
Commentary
Cry Wolf! This Budget Crunch Is for Real
Looking at the current financial crisis, Eric A. Hanushek warns schools against using old tactics to deal with future budget shortfalls.
May 17, 2010 - Education Week
Hard Times Derail Expansion of State-Financed Preschool
Despite rising demand, recession-driven budget cuts have reined in the once-swift expansion of public pre-K programs, a survey finds.
May 11, 2010 - Education Week

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