Foreclosures and school districts

[malaise]

Last night Bill Moyers touched on the new school term and the impact of sub-prime foreclosures on schools and school districts
I am sure some DUers are researching this subject. Any details out there.

[glowing]

1. Well, my mileage in FL went up (thanks Crist ass hat who is incapable of doing the job)

But, my home value decreased a lot, $45,000.00 in less than a year. So, I suppose it will kind of equal out. It is effecting everything from busing to music and art lessons... Everything the schools need to promote a well rounded, educated, ready to give it all back to the community is NOT happening. Graduation rates have plummeted to a 60% actually graduating. The schools are under such strain and teachers under such stress to live up to NCLB with no funding to do so are causing many of the good one's to leave. I'm not sure there are too many areas left in the country that aren't experiencing the same problems. So, I'm not sure where you move to. THEN when the children that have made it and do graduate from college try to find a job that pays the bills, they can't. If people allow themselves to be so distracted by the American Idol, then I need to leave the country.

[malaise]

3. Thanks

Moyers said some schools were only having classes for three days as a result of cut backs.

[SheilaT]

2. Yep.

If no one is living in a home and paying the taxes, the other homeowners will have to make up the difference. I've heard stories in the media recently about condos having a huge problem because of foreclosures and having to raise the fees for those still there by thousands of dollars to pay for the needed upkeep and other expenses.

[malaise]

4. Yes I have no doubt that the maintenance fees must be

going through the roof, but I still want information on how foreclosures are affecting schools.

[SheilaT]

5. It's going to be on a school district

by school district basis. One that has a lot of foreclosures is going to be hurting. And I'm not sure how that can be researched, other than if your state's department of revenue will publish such information about tax revenues.

It may also make a lot of difference which state you're talking about, although I believe that across the country much, maybe most of school funding is through property taxes.

I do know that in the state of Kansas problems with school funding in outlying parts of the state exist because both of low property taxes and the fact that to attract business, some rural areas cut the property taxes of businesses. It's always defended in the name of creating jobs, but then the tax burden to fund the schools falls on the small home owner.

Note that Sarah Palin cut property taxes and made up the difference with a sales tax.