Saturday, December 18, 2010

Natomas school district budget crisis

A news story in today's Bee recounts the budget balancing of the Natomas School District by teachers giving wage concessions.

How did we get into this fix?  Well, first was the economic collapse caused by the bankers and the real estate fraud artists.  That took 13 Trillion from the economy crashing the U.S. and the international economy.  That produced a dramatic drop in sales tax and property taxes and a California economic crisis.  School funding reveals the nature of crisis.  In the last two years the k-12 budget “solutions” have cut 4.6 billion dollars from the schools. We have larger classes and fewer teachers.  School reform has stopped- except for the politicians hot air.  School funding makes up a total of 30% of the state budget.  Any crisis in the state budget and any cuts in the state budget will make school budgets worse.  The crisis will get worse.
California will need to raise taxes to fund the schools and to repair the social safety net.  Anti tax radicals and Republicans  oppose any tax increases.
Natomas was one of the early casualties.  Many more will follow- even with the teachers giving up salary.  The states and California are in a downward spiral and it will continue for at least 3-4 years.  The children, and the working people are paying for the robbery of the financial classes. And, they just held up unemployment benefits until the Republicans gave them a $700 Billion tax benefits. 
See the prior posts on the financial crisis and the state budget crisis.

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