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Low-income districts are particularly troubled because of plunging revenue amid the Covid-19 recession. Districts rely for revenue on local property taxes and s
by ip26 6y ago
Low-income districts are particularly troubled because of plunging revenue amid the Covid-19 recession. Districts rely for revenue on local property taxes and state subsidies. Poorer districts, where property tax revenue is low, rely on states for most of their income. With states hit hard by falling income and sales taxes, aid to school districts is dwindling in many places. -- TFA
Property tax revenues will also probably be dropping.