Special Report: How Will The COVID-19 Pandemic Impact Pre-K?

Karin Garver
Lessons from the Great Recession

We’ve all heard the saying that those who don’t learn history are doomed to repeat it. Living in the current COVID-19 pandemic, we’d be wise to revisit our history lessons for post-COVID policy guidance. Many states have already made and proposed budget cuts in response to the COVID-19-induced recession’s impact on revenue. Since state revenues lag the economy, it’s a safe bet state budget problems will worsen before they improve. We can make more specific predictions by looking closely at what happened in the last major recession.

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