Across the United States, declining property values and mortgage foreclosures have led to huge losses in property tax revenues, forcing schools to trim budgets, freeze hiring, and in a few cases, make substantial job cuts -- raising doubts about the future of a range of education programs, USA Today reports. Already, St. Lucie, Fla., schools have lost $22 million in tax revenue from lower property values, and the district is staring at a 25-percent budget cut in the fall. It has frozen salaries and put central office employees on a four-day workweek. Enrollment is down only slightly, but if things...

Subscribe to Read More

Are You an Educator?

Get Free online access to all our
news and resources and get
eSchool News Today email newsletter

About the Author:

eSchool News