School districts across the country may experience cuts in state funding as a result of revenue shortfalls due to the COVID-19 pandemic, and several states have already announced funding reductions. Although the CARES Act allocates $13.5 billion in federal funding for school districts, experts project state funding reductions to exceed this amount. In addition, many school districts are facing additional revenue losses from programs such as early childhood education.
To support districts anticipating financial challenges, Hanover Research has prepared this Financial Recovery Research Brief exploring strategies used by school districts to establish financial priorities during financial crises. This research brief draws on secondary research and experiences of school districts during previous financial challenges to discuss:
- Best practices for identifying cost savings
- How districts can use program evaluation to prioritize expenditures and cost savings related to staffing
- Strategies for solving common challenges facing cost reduction initiatives related to student achievement and stakeholder relations
Download the brief today!