Parents and students flock to PS 151 in Manhattan on the first day of school on Sept. 7.Photographer: Barry Williams/Getty Images
By Shruti Sigh and Nic Querolo, Bloomberg CityLab, September 20, 2023
US public schools are girding for a major financial blow in the next academic year, when the record $190 billion in federal aid they received during the pandemic will expire and leave them with sparser resources to halt a massive exodus of teachers and reverse learning loss.
Districts across the country have used the funds on everything from one-time capital expenditures such as improved ventilation to expenses including higher wages that will elevate costs for years after the aid runs out.
It won’t be easy for state governments to fill in the budget holes, with many expected to see softer tax collections.
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