Costs are no less a concern in K–12 education. Until the
2008 financial crisis and the subsequent slowdown in U.S.
economic growth, per-pupil expenditures on elementary
and secondary education had been steadily rising. The
number of school personnel hired for every 100 students
more than doubled between 1960 and the first decade of
the 21st century. But in the past few years, local property
values have stagnated and states have faced intensifying
fiscal pressure. As a result, per-pupil expenditures have for
the first time in decades shown a noticeable decline, and
pupil-teacher ratios have begun to shift upward (see “Public
Schools and Money,” features, Fall 2012). With the rising
cost of teacher and administrator pensions, the squeeze on
school districts is expected to continue.
Costs are no less a concern in K–12 education. Until the2008 financial crisis and the subsequent slowdown in U.S.economic growth, per-pupil expenditures on elementaryand secondary education had been steadily rising. Thenumber of school personnel hired for every 100 studentsmore than doubled between 1960 and the first decade ofthe 21st century. But in the past few years, local propertyvalues have stagnated and states have faced intensifyingfiscal pressure. As a result, per-pupil expenditures have forthe first time in decades shown a noticeable decline, andpupil-teacher ratios have begun to shift upward (see “PublicSchools and Money,” features, Fall 2012). With the risingcost of teacher and administrator pensions, the squeeze onschool districts is expected to continue.
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