State Budgets Are Looking Brighter, Which Is Good News for K-12 Spending
A Steadily Reopening Economy and Federal Legislation Have Helped Put School Finances on Stabler Footing
The outlook for state education budgets was dim a year ago.
Businesses closed across the country. Sales tax revenues plunged. After widespread layoffs, income taxes plummeted. And officials in states like Texas that rely on oil and gas revenues expected those financial wells would dry up, as nationwide quarantines kept motorists off the road.
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