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Federal Spending Cuts Worry School Officials
The federal fiscal cliff was averted, but an agreement that delayed decisions about major spending cuts until late February has Kentucky school officials worried about potential layoffs and lost services for needy students. If Congress doesn't reach a compromise on the scheduled spending cuts, Kentucky's 174 school districts will lose $61 million a year in federal support during the next decade, according to numbers generated by the Congressional Budget Office and the Center on Budget and Policy Priorities. Many of Kentucky's gains in K-12 education during the past 20 years could be erased, said Stu Silberman, director of the Prichard Committee for Academic Excellence, a Lexington-based non-profit.