February 1st, 2012
In 2011, $12.2 billion worth of school construction was put in place. That's a lot of money, but put it in perspective. From 2000 through 2008, school construction averaged more than $20 billion annually. The demand for school space and improved facilities has not lessened - the number of children schools serve continues to rise - but, as a consequence of the 2008 recession, combined with the anti-tax sentiment it spawned, the money has dried up.