In the past year, Congress has rushed more than $204 billion in federal emergency funds to states to support K-12 schools.
But 23 states had fewer incoming students this fall. This declining enrollment is likely in part due to pandemic-related trends but is also a symptom of changing birth rates and families geographically relocating.
A new tool reveals thousands of dollars per student each year is paying longstanding debt service rather than helping Michigan students prepare for a successful future.
Leonard Gilroy, vice president of the libertarian Reason Foundation and senior managing director of the Pension Integrity Project, told The Center Square that changing markets, underfunding below actuary recommendations, and the Great Recession has made it harder to hit investment targets for pension funds in the last few decades.