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.

Kentucky Chamber of Commerce, via Facebook

Kentucky has achieved a milestone of economic health with statewide employment levels back up above the peak levels of 2007 and 2008, which were before the recession. That’s according to a new study by the Kentucky Chamber of Commerce.

Moritz Wickendorf, Wikimedia Commons

2014 could go down as a "breakout" year for Kentucky's economy.

Economists and workers in about every occupation imaginable were waiting for the effects of the "Great Recession" of 2008 to fade.

LRC Public Information

Kentucky’s budget priorities for 2015 could require nearly $1 billion in revenue that the state doesn’t have. House Speaker Greg Stumbo told a group of business leaders earlier this month that the cost of funding priority issues like education, public employee raises and more could total an estimated $800 million.

 "It would probably be more of a number like seven to eight-hundred million, some would argue larger than that," says Stumbo. "It just depends upon how big a bite of the apple you want to take, but I don't think we can do that."

Stumbo says that it’s unlikely the state will have that money until Kentucky fully recovers from the 2008 recession. But, it’s coming. 

Kentucky lags behind its peers for funding its public education system since the recession, a new report from the Washington-based Center on Budget and Policy Priorities shows.


A nonprofit group says the number of young adults in Kentucky and around the nation not in school unemployed has skyrocketed since 2000. The Annie E. Casey Foundation released a report Monday blaming the problem on competition from older workers due to the recession and not being ready for college after high school graduation.

Just when I was thinking we could use another recession...

NPR reports congressional economists are predicting dire financial straits if we don't do anything to stop it.