Schools brace for belt-tightening in the wake of coronavirus
The financial fallout of the COVID-19 pandemic is part of a triple threat facing schools this fall: (1) students who are far off track academically and socially; (2) a decline in state revenue that will result in severe budget cuts; and (3) rising costs in response to the pandemic. The silver lining is that the financial pressure could provide cover to enterprising leaders interested in tackling thorny issues like pension obligations that might otherwise have gone unaddressed.