To isolate the effect of the recessionary spending cuts from that of the general ill - effects of the recession, Cora Wigger, Heyu Xiong and I rely on the fact that states that relied heavily on state taxes to fund public schools experienced
the deepest education revenue cuts during the recession, on average.
Not exact matches
The Times sees Cuomo's budget as a mixed - bag, expressing disappointment over the lack of
revenue raisers and concern over the
deep education cuts, which the paper thinks go too far.
Education spending had peaked at an average of $ 11,621 per student in 2008 — 09 before the
deep global recession caused states to slash their spending amid plummeting tax
revenues.
The state is grappling with a $ 4.4 billion shortfall, which has led to Cuomo proposing $ 1 billion in new taxes and fees to shore up
revenue and avoid
deep cuts or flat growth in
education spending.