School Districts Brace for Cuts as Fiscal Crisis Looms
During the campaign, both President Obama and Mitt Romney repeatedly extolled the value of schools and teachers. Mr. Romney, in their first debate last month, even vowed, “I’m not going to cut education funding.”
But if his fellow Republicans in Congress and Mr. Obama cannot agree on a resolution for the country’s looming debt crisis, the automatic budget cuts and tax increases that will kick in next year could spawn another round of belt-tightening at public schools already battered by the recession and its aftermath.
If the government is unable to come to a resolution, federal education programs for elementary and high schools would lose a little over $2 billion — or close to 8 percent of the current budget — starting next fall, according to the Office of Management and Budget and the Education Department.
Read full article (The New York Times)