A report released by the American Association of School Administrators reveals that many school budgets will be cut during the 2009-10 school year because of reduced funding — and technology is among the key areas expected to be affected, reports the Richmond Distance Learning Examiner. The report "Looking Back, Looking Forward: How the Economic Downturn Continues to Impact School Districts," the fourth in a series of reports, polled 859 school administrators from 48 states in February and March. In spite of additional funding earmarked in the American Recovery and Reinvestment Act, schools will likely cut budgets and spending because of reduced funding, it found. Seventy-five percent of respondents indicated that their districts were inadequately funded, and 21 percent were using short-term borrowing to meet payroll and accounts payable. School administrators in the survey recognized that technology is a priority, yet budget cuts will force districts to make tough decisions about how much technology stays in the classroom…