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The Bailout Machine: How Newport Built a School Funding System Designed to Fail - Newport This Week
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The Bailout Machine: How Newport Built a School Funding System Designed to Fail - Newport This Week
Every spring, Newport runs the same play. The school department projects a deficit. The city council expresses concern. Eventually, a one-time payment closes the gap. And then residents, reasonably enough, looking only at the last act, conclude the schools can’t manage money. But the crisis isn’t a bug in the system. It is the system. Here’s the mechanism. Under Rhode Island law, school districts can’t raise their own revenue; they depend almost…
·Newport, United States
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