Sec. Duncan has recently announced plans to release a second wave of stimulus funds early, but the Wall Street Journal article, “A Hard Lesson for Teachers,” (Aug. 11, 2009) shows that the first round of funding hasn’t made a huge impact in terms of teachers keeping their jobs. In fact, the article cites NEA figures that almost 100,000 teachers won’t have jobs in the upcoming school year. Moreover, teacher colleges are reporting a downturn in applications.
Even with the passage of the American Recovery and Reinvestment Act, the deep education cuts shouldn’t be a surprise. As Dr. Richard Sims Chief Economist for the NEA reminded AEP Summit attendees in his session, “Economic Forecast for the Education Market,” education is mostly state and locally funded—specifically by property, sales, and income taxes. And more important, education is fighting for state funds with health care and corrections. Until the local real estate and job markets improve, education will not recover. Continue reading ‘How Are Stimulus Funds Impacting the Education Market?’
