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Discussion Paper
Catching Up or Falling Behind? New Jersey Schools in the Aftermath of the Great Recession

Today’s post, which complements Monday’s on New York State and a set of interactive graphics released by the New York Fed earlier, assesses the effect of the Great Recession on educational finances in New Jersey. The Great Recession severely restricted state and local funds, which are the main sources of funding for schools. To help avoid steep budget cuts to schools, the federal government allocated $100 billion for education as part of the American Recovery and Reinvestment Act of 2009 (ARRA), also known as the stimulus. The stimulus money was meant to provide temporary relief to ...
Liberty Street Economics , Paper 20130925

Briefing
School Quality as a Tool for Attracting People to Rural Areas

Many rural localities are interested in strategies for retaining residents and attracting newcomers. Recent research indicates that one promising strategy for rural development is maintaining and improving the quality of an area's public schools. In this research, which is the first national study of the relationship between school quality and migration flows in and out of rural areas, better outcomes for students in a rural county's schools were associated with higher migration into that county.
Richmond Fed Economic Brief , Issue 20-08 , Pages 4

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