For those of you sick of supercommittees, debt ceilings, fiscal cliffs, and sequesters, we have just the cure for your federal budget crisis-itis: another federal budget crisis.
Indiana stands to lose about 1,000 of its Head Start slots if Congress doesn’t act to stop deep, automatic spending cuts — known as “sequestration” — from kicking in March 1.
Do you pay taxes? Do you pay for college? Boy, does Congress have a “fiscal cliff”-averting package for you!
Without Congressional action beyond the deal approved last night, Indiana schools could still stand to lose tens of millions of dollars in federal education funding next school year.
Here’s your StateImpact primer on what’s next for education if the budget deadline passes without a compromise.
The Bloomfield School District would lose about $46,000 in federal Impact Aid funding if the president and Congress can’t reach a deal ahead of a looming budget deadline. But most Indiana schools wouldn’t feel significant effects until the 2013-14 school year.
If Indiana schools were to lose an estimated $114 million in funding at stake in the “fiscal cliff” debate, programs for some of the state’s most vulnerable student populations would feel a deeper impact.
Indiana school districts say it’s bette
We’re starting to get a better understanding of what’s at stake for Indiana students if federal lawmakers cannot reach a deal to avoid a “fiscal cliff” they’ll hit at year’s end.
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