this post was submitted on 12 Feb 2024
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The schools can do this very easily. The middle school and high school I went to have public finances. The government gives them about $55 million each year (they previously complained that they weren't getting enough for some reason despite the amount they had being nowhere close to how low what they spent is) and spend about $20 million each year.
Schools are absolutely guilty of underpaying teachers and overpaying admin. Many probably mismanage their funds to some degree. And a lot spend way too much on sports stadiums and other things they probably could do without.
But don't forget, they also have to shell out tens of millions of dollars all at once when their infrastructure needs to be fixed or updated. If the student population grows, they may be on the hook to build entire hallways full of classrooms and the necessary technology for each room. Usually they sock money away knowing that things have limited lifespans. Even still, many unplanned expenses and planned updates have to wait due to lack of funding.
Which the government will pay for when needed, and they already have debt from that happening anyway. Why can't they use the unused money for something else? Couldn't they do that instead of needing constant fundraising and scammy practices regarding charging students too much? $35 million each year is not a small amount that can just go unused.