STUDENTS LOSE OUT AS CITIES AND STATES GIVE BILLIONS IN PROPERTY TAX BREAKS TO BUSINESSES: DRAINING SCHOOL BUDGETS AND ESPECIALLY HURTING THE POOREST STUDENTS.

التفاصيل البيبلوغرافية
العنوان: STUDENTS LOSE OUT AS CITIES AND STATES GIVE BILLIONS IN PROPERTY TAX BREAKS TO BUSINESSES: DRAINING SCHOOL BUDGETS AND ESPECIALLY HURTING THE POOREST STUDENTS.
المؤلفون: Wen, Christine, McLean, Danielle, Welner, Kevin, Jensen, Nathan
المصدر: Construct Magazine; 2024, Issue 1, p30-35, 6p
مصطلحات موضوعية: CITIES & towns, BUSINESS tax, TAX incentives, PROPERTY tax, LOW-income students, SCHOOL districts, POOR people, SCHOOL budgets, EDUCATIONAL finance
مستخلص: Cities and states in the United States are giving billions of dollars in property tax breaks to businesses, which is negatively impacting school budgets and disproportionately affecting the poorest students. This practice diverts funds from schools, leading to maintenance issues, larger class sizes, teacher layoffs, and outdated resources. The problem is widespread, with 95% of U.S. cities offering economic development tax incentives. These tax breaks primarily benefit politicians and corporations, while schools serving low-income and minority students suffer the most. The article discusses the issue of inadequate funding for public schools in Philadelphia, Riverhead, and Kansas City, as well as the challenges faced by the East Baton Rouge Parish School Board in Louisiana. [Extracted from the article]
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