Rapid shifts in the provision of schooling due to COVID-19 have real and practical implications for the ways that school districts and schools use their financial resources, including decisions on how to deploy and preserve fiscal resources in the near- to long-term. Based on trends from previous economic recessions, state funding for education will likely decline for many school districts for the 2020-2021 school year. At the same time, the federal government has approved $13.5 billion in funding for schools through a recent federal stimulus package, the Coronavirus Aid, Relief and Economic Security (CARES) Act.
This webinar will provide practical information and guidance to help school district leaders manage and strategically allocate fiscal resources amid widespread school closures and likely reductions in education funding due to COVID-19. The webinar will:
+ Provide an overview of the economic impact of COVID-19 on education budgets and of the allowable uses of CARES Act funding.
+ Highlight key considerations for managing and strategically allocating education resources, including ensuring continuity of service and directing funds to those students with the greatest need.
Jason Willis, Director, Strategy and Performance, WestEd
Kelsey Krausen, Senior Engagement Manager, WestEd