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Home > Blogs > Springfield Schools News and Issues > Archives > 2008 > December > 03 > Entry
Ohio district asks for piece of bailout pie
A suburban Cleveland school district has asked for financial assistance to help deal with a growing population under the same federal program banks and automakers are looking to for a “bail out,” the Associated Press reports.
Olmsted Falls applied last week to the federal Troubled Asset Relief Program, the same program that you’ve been hearing about with the $700 billion economic bailout package.
Olmsted Superintendent Todd Hoadley contends that if lawmakers will bailout these corporations, school districts should be able to get the same assistance.
Since TARP’s October conception, some school associations have been trying to determine if education might be a potential benefactor; some cities have applied too.
The U.S. Treasury Department contends that TARP is meant to stabilize financial institutions, according to the AP.
Should federal bailouts include school districts?
Permalink | Comments (2) | Post your comment | Categories: School funding
Comments
By rick
December 3, 2008 11:29 AM | Link to this
How about a bail out for those that have already had to file for bankrupthy.By LizardKingLives
December 4, 2008 9:25 AM | Link to this
Do educators really wish to get involve in what will ultimately be a bashing session for them that is worse than the one the big 3 recieved?If I am not mistaken schools R already govt funded and they want more tax payor $$$.I have no problem increasing the funding for education,however I want the teachers union disbanded, adminstrations fired, board members replaced and stricter standards for education that will allow the US to compete internationally and more disciplin in the schools.No more wasteful spending by proven incompetent board members and administrators.This is what the public is demanding of the big 3 and they are not being run solely on tax revenue, which I do believe the majority of the schools are currently operated on tax revenue.Being a former educator I am all for increased spending for education, however I also know 1st hand how incompetent many school boards, teacher unions & administrators are fiscally.Bottomline is that our education system is very much like the big 3, poorly managed with overpaid workers, are not competitive, inefficient and lacks the vision to make the changes necessary to produce the product that the public wants.