The state and local government payroll slashing is just beginning. Hawaii is starting early.
Many school districts in America have no economic responsibility to taxpayers. One school district in Minnesota gave teachers raises without having any money to do it. Now they face a budget deficit in the millions.
The Baltimore School District spends BILLIONS of dollars a year educating their students.
Taxpayers will be on the hook for a retiring school teacher
Fascinating numbers evolved out of a survey in researching public education.
When government and private sector accounting collide, bad news usually follows.