Going Over "Fiscal Cliff" Would Have A Big Impact on Schools
Written by Your 5News Team
Last updated on December 11, 2012 @ 7:32PM
Created on December 11, 2012 @ 7:06PM
There are 20 days left for Congress and the President to work out a deal before we go over the fiscal cliff.
If that happens everyone's taxes will increase and our kids will also be hit hard. That's because grant money for schools would be among the areas subject to automatic spending cuts.
Officials with the state's school system have said public education here is reeling from funding problems.
If a deal isn't reached to avoid the fiscal cliff then automatic tax hikes and spending cuts are set to start next year.
Federal grant programs, which schools rely on, would be some of the areas hit by those automatic spending cuts.
Dr. Larry Parsons, the Preston County Superintendent of Schools, said some of those programs include ones that help kids who can't afford to buy lunch. Another program includes kids who need help with math and reading skills.
Parsons said Preston County Schools is already in the red, and they can't afford any more cuts.
"Education dollars are an investment in your future," Parsons said. "Children are an investment in your future. For me that needs to a priority right next to your defense and military spending."
If lawmakers can't reach a deal Preston County schools would lose about a quarter of a million dollars, and the state would lose $18 million dollars in funding.
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