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.