As K12 schools enter a difficult budget cycle, school boards must examine the long-term impacts on their districts’ financial sustainability, new research confirms.
This year’s budget cycle falls largely on the nation’s school boards, which are generally responsible for spending $700 billion in public education funds, writes Director of Georgetown University’s Edunomics Lab Marguerite Roza in a research briefing published by the Brookings Institution.
However, school board trustees rarely discuss the long-term impacts on their spending. Roza recommends that districts make modest policy changes to ensure fiscal responsibility as the potential elimination of the Department of Education raises budgetary concerns.
