finances

The Great Recession technically ended in June of 2009, but many of America's schools are still feeling the pinch.

A new study of state budget documents and Census Bureau data finds that the lion's share of spending on schools in at least 23 states will be lower this school year than it was when the recession began nearly a decade ago.

This analysis looked specifically at what's called general formula funding, which accounts for roughly 70 percent of the money states spend in their K-12 schools.

Life is pretty busy for Mike Buchmann, a high school art teacher and football coach, and his wife Shannon, who works as an assistant controller at a small private college near their home in Mishawaka, Ind.

Everyone is out the door by 7:45 each morning: Mike shuttles their two older kids to before-school care, while Shannon drops off their 14-month-old at a church-based child care center before they head off to their full-time jobs.

401kcalculator.org / Wikimedia Commons

The number of Kentuckians who are “underbanked”—that is, people who don’t participate in the banking system—has increased.

"Money" by Tax Credits, Flickr Commons, (CC BY 2.0)

Tennessee Governor Bill Haslam is starting the annual state budget hearings for the next fiscal year this week in Nashville.

Murray City Council members could approve the next city budget as early as their next meeting on Thursday. They’ll review Mayor Bill Wells’ second budget proposal after finance committee members objected to the first proposal’s use of a payment to the fire and police pension fund to shore up a $145 thousand budget gap.