How COVID-19 is affecting school spending

We have entered into an unprecedented time in history where the entire country has faced the dilemma of closing schools to keep the public safe while readjusting learning priorities and school spending. Unfortunately, many schools funding depends on income and sales taxes for the majority of their money. Because so many businesses have shut their doors and people remain home, spending within their community has been on the decline. Schools have begun to feel this new financial burden.

While most spending for the academic year of 2020-2021 has already been allocated, the question of what the academic year of 2021-2022 is what hangs in the balance. In anticipation of what may prove to be one of the hardest hit academic years, many school administrations are currently minimizing their budgets in view of the financial uncertainty. The most recent CARES Act allocated $13.5 billion to K-12 schools to help combat some of the loss of revenue. Most experts say this will not be enough in order to make the necessary changes needed to reopen schools in the fall while meeting sanitary and social distancing requirements.

There is hope on the horizon. Congress will most likely pass another aid package to K-12 schools in the coming months as schools prepare for the next academic year and the possibility of having to move schools back online in the fall and winter if another spike in cases arise. This spending increase in distance learning options has given a large boost to online educational publishers and is certain to be a trend to continue. In order for schools to meet requirements, many must certify that the online learning material purchased by school districts is robust and meets state educational standards. EdGate is of course able to lend our expertise to any type of digital publisher in need of alignment services. Please reach out to our Account Executives if you would like more information.

By: Lindsey Dumovich
Account Manager