Fiscal Cliff May Force Some High Schools to Close
December 17, 2012 RSS Feed Print
Rural, low-income districts would be hardest hit by automatic spending cuts.
If Congress goes off the so-called fiscal cliff, federal funding for K-12 education programs will go along with it—buthigh schools in some districts will see their budgets fall further than others.
Technically called sequestration, the cliff refers to a package of mandatory spending cuts and expiring tax credits totaling $1.2 trillion. Those cuts will kick in on January 1 if an alternative deal is not reached, resulting in an 8.2 percent decrease in federal education spending.
[Learn how some districts are saving with a four-day week.]
But rural districts and those serving low-income students will