IDEAS home Printed from https://ideas.repec.org/p/fip/fednls/86895.html
   My bibliography  Save this paper

Catching Up or Falling Behind? New Jersey Schools in the Aftermath of the Great Recession

Author

Abstract

Today’s post, which complements Monday’s on New York State and a set of interactive graphics released by the New York Fed earlier, assesses the effect of the Great Recession on educational finances in New Jersey. The Great Recession severely restricted state and local funds, which are the main sources of funding for schools. To help avoid steep budget cuts to schools, the federal government allocated $100 billion for education as part of the American Recovery and Reinvestment Act of 2009 (ARRA), also known as the stimulus. The stimulus money was meant to provide temporary relief to strained state and local budgets. However, after the stimulus funds were exhausted, the economy was still weak and school districts were faced with large budget shortfalls.

Suggested Citation

  • Rajashri Chakrabarti & Max Livingston, 2013. "Catching Up or Falling Behind? New Jersey Schools in the Aftermath of the Great Recession," Liberty Street Economics 20130925, Federal Reserve Bank of New York.
    • Handle: RePEc:fip:fednls:86895
    as

    Download full text from publisher

    File URL: https://libertystreeteconomics.newyorkfed.org/2013/09/catching-up-or-falling-behind-new-jersey-schools-in-the-aftermath-of-the-great-recession.html
    File Function: Full text
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    funding; stimulus; states; expenditures; recession; cuts; schools; New Jersey; districts;
    All these keywords.

    JEL classification:

    • Q1 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture
    • R1 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:fip:fednls:86895. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Gabriella Bucciarelli (email available below). General contact details of provider: https://edirc.repec.org/data/frbnyus.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.