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May 15, 2024

Due to inflation and state lawmakers holding K-12 funding flat in 2020 during the height of the COVID pandemic, districts would not be adequately funded until 2034 if the state continues to only add $350 million to the evidence-based funding formula, according to a report from the Center for Tax and Budget Accountability. “I think school districts will have to make some tough financial decisions in the next coming years,” said Elaine Gaberik, one of the co-authors of the report. “This goes back to showing how important the state funding is going to be in these next couple years.”

Source: Chalkbeat