The U.S. teacher pension system is in major financial trouble, with almost $390 billion in unfunded liabilities, according to a recent report from the National Council on Teacher Quality (NCTQ). And funding shortfalls grew in all but seven states between 2009 and 2012, the nonprofit research and policy group found. Though the current economic…

Before the sun rises most days, Dwight D. Jones is at the office. Since becoming superintendent of the Clark County School District (CCSD) in Nevada last December, 4:30 a.m. arrivals are common. To be sure, the challenges facing the nation's fifth-largest school district are great. The recession not just hit, but smacked, Nevada, and the Clark…

Draconian cuts have become the order of business for many school districts since the economic recession hit in 2008. But for the coming school year, "draconian" has taken on an even harsher meaning, as states from California and Texas to Illinois and New York wrestle with deficits in the tens of billions of dollars and make…

Almost every day, it seems, school districts coping with budget shortfalls are announcing freezes or cuts to administrative salaries and benefits as part of the solution, a trend that began during the past school year and is becoming more prevalent around the country. Salaries, which account for more than 70 percent of some school budgets, have…