| States and municipalities are cash starved because the current system "functions" on an annual basis. As long as the revenue was coming in the tendency in governmental institutions is to spend, spend, spend and thus increase the fixed costs of education. So when the financial crisis hit, revenues dried up and the budget shortfalls have been enormous. In other words, there has been no strategic planning because the current system is not geared to look at these issues. It's all about spending as much as the schools can without regard for future revenue and expenses.
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