Report: K-12 spending still reeling from 'lost decade' of economic growth - Linda Jacobson , Education Dive

Seven years after the end of the Great Recession, states are still spending less per student in K-12 schools, and in nine states, per-pupil funding was down 10% in 2016 compared to 2008, according to a new Pew Charitable Trusts’ report focusing on the “lost decade” in state economic growth. Confirming other reports showing ongoing effects of the recession, the report shows that education spending remains lower than before the recession in more than 20 states. “Although the 18-month recession, which ended in June 2009, may seem long ago, a closer look reveals that many states are still coping with lingering — maybe even lasting — effects on their finances,” the report says. In total, states “missed out on an estimated $283 billion” in tax revenue from 2008-2018, according to the report, which also looks at the effects on state infrastructure, aid to local governments, the state workforce, reserve funds, pension liabilities and higher education — which was down 13% in 2018 compared to the start of the recession. https://www.educationdive.com/news/report-k-12-spending-still-reeling-from-lost-decade-of-economic-growth/555986/