Districts in Debt
America’s school districts owe more than $400 billion in debt, a number that has grown rapidly in the last decade. The system is rife with inequities and the hidden financial pressures districts face can end up having a big impact on classrooms and kids.
In states where schools have to raise most of the money for buildings on their own, sharp inequities exist between districts with a strong tax base and those without
In Silicon Valley, cash-strapped schools are selling bonds to buy student laptops
Students and communities often pay the price
Districts can fall prey to financial firms that put their own interests first
States try to rescue their pension systems from bankruptcy, leaving less money for classrooms and teacher pay