{"id":1475569,"date":"2024-07-06T01:55:00","date_gmt":"2024-07-06T05:55:00","guid":{"rendered":"https:\/\/bugaluu.com\/news\/?p=1475569"},"modified":"2024-07-06T01:55:00","modified_gmt":"2024-07-06T05:55:00","slug":"self-created-hole-education-reforms-push-maryland-toward-financial-cliff","status":"publish","type":"post","link":"https:\/\/bugaluu.com\/news\/self-created-hole-education-reforms-push-maryland-toward-financial-cliff\/1475569\/","title":{"rendered":"“Self-Created Hole”: Education Reforms Push\u00a0Maryland Toward\u00a0Financial Cliff"},"content":{"rendered":"

“Self-Created Hole”: Education Reforms Push\u00a0Maryland Toward\u00a0Financial Cliff<\/span><\/p>\n

\n

Fitch, Moody’s Ratings, and S&P Global Ratings recently reaffirmed Maryland’s\u00a0coveted\u00a0triple-A credit rating<\/a>.\u00a0However, Moody’s downgraded the state’s outlook from stable to “negative,” citing significant\u00a0concerns about looming structural deficits due to\u00a0Annapolis’\u00a0out-of-control education spending. And while\u00a0education spending soars, test scores are going in the wrong direction<\/a>.<\/p>\n

“The negative outlook incorporates difficulties Maryland will face to achieve balanced financial operations in coming years without sacrificing service delivery goals or adding to the weight of the state government’s burden on individual and corporate taxpayers,” Moody’s wrote in the report last month. This is the first time the credit\u00a0rating agency has issued a negative outlook for the state since 2011, several years after the GFC meltdown.\u00a0<\/p>\n

A looming fiscal cliff is primarily driven by edu\u00a0programs, including the Blueprint for Maryland’s Future education reforms. When the reform was passed, the genius progressive lawmakers in Annapolis\u00a0did not pass a funding mechanism.\u00a0<\/p>\n

“It’s a self-created hole,”\u00a0Republican State Senator Justin Ready told investigative journalist Chris Papst of Fox45 News’ Project<\/a><\/em> Baltimore late last month, adding,\u00a0“I’m disappointed but not surprised that we were downgraded to negative.”<\/p>\n

Senator Ready’s district includes Carroll and Frederick Counties, located west of Baltimore. Several years ago, he attempted to warn leftist\u00a0lawmakers in Annapolis that education spending would spark fiscal turmoil.\u00a0However, his warnings were ignored while progressives were more focused on pushing woke\u00a0policies.\u00a0<\/p>\n

“We have a very high-taxed state and local governments, and so we were concerned. We saw this as being unsustainable, an unsustainable increase,” said Ready.<\/p>\n

He continued,\u00a0“Education spending was always increasing. This is just putting a rocket ship on it without the kind of accountability that’s needed.”\u00a0<\/p>\n

Maryland’s fiscal\u00a0projections show an expected $1 billion\u00a0budget deficit by 2025, $1.3 by 2027, and more than $3 billion by 2028.\u00a0Soaring deficits are a function of the\u00a0Blueprint for Maryland’s Future, also called the Kirwan Plan, which pumps\u00a0$30 billion in taxpayer funds into public education over ten years and then adds $4 billion per year after that.<\/p>\n

Papst offers some very troubling news for residents:<\/p>\n

“In order to pay for it, according to those statistics, the state would have to either increase the personal income tax rate by 39% or raise the sales tax by 89% or increase property taxes by 535%.”\u00a0<\/em><\/p>\n<\/p>\n

For years, Democrats in the state have advocated for\u00a0increased education spending but rarely address test score performances that are heading in the wrong direction, an issue even the\u00a0Washington Post could no longer ignore:\u00a0<\/p>\n

<\/a><\/p>\n

Over the years,\u00a0Papst’s team has led an effort to uncover fraud and corruption in the state’s public school systems.\u00a0<\/p>\n

“I Don’t Give A F***”: Top Maryland Education Official Caught Using Encrypted Msg App As Grade Scandal Deepens<\/em><\/a>
\n\t“Educational Homicide”: 13 Baltimore City High Schools Have Zero Students Proficient On State Math Exam<\/em><\/a>
\n\tEducation Nightmare: Baltimore & Chicago Public Schools Spend, Spend, Spend As Test Scores Drop<\/em><\/a><\/p>\n

Fox News picked up on\u00a0Papst’s reporting last year.<\/p>\n

Baltimore spends $32,000 per student and their teachers make over six figures when you account for pensions.<\/p>\n

Yet 23 Baltimore schools have 0 students are proficient in math.<\/p>\n

Parents are furious and politicians don’t care. pic.twitter.com\/jCDCIZyfJ7<\/a><\/p>\n

\u2014 1776 Project PAC | Text 1776 to 76176 (@1776ProjectPac) February 14, 2023<\/a><\/p>\n

Some folks on X have called soaring education expenses a grift by the Democratic Party that loots taxpayers and enriches teachers’ unions that only fund progressive causes.<\/p>\n

It\u2019s your freedom, job security, safety – the democrats failed on issues most important to Marylanders. Throwing more money to fund Teachers Unions while kids perform worse in public schools is a recipe for disaster which was in place for 50+years in Baltimore. pic.twitter.com\/xFvow2MdC7<\/a><\/p>\n

\u2014 Ms.G (@GSchifanelli) September 23, 2022<\/a><\/p>\n

Union bosses insist that we pay for only govt (union-run) schools. Results prove just how bad an idea this is.
\nBaltimore public schools have chronic absenteeism. Taxpayers spending $21K\/student there — 4th highest spending for a big school district.https:\/\/t.co\/dSuBO2TfVt<\/a><\/p>\n

\u2014 Richard Rider (@SD_TaxFighters) June 1, 2023<\/a><\/p>\n

The union that helped create the system in Baltimore where more than a dozen schools have zero students who can do basic math while spending one of the highest amounts of money per student, support this rich, white, savior complex having progressive because he opposes standards. https:\/\/t.co\/cXL2GmA3oU<\/a><\/p>\n

\u2014 Derek Hunter (@derekahunter) March 15, 2024<\/a><\/p>\n

Why more\u00a0Marylanders aren’t demanding\u00a0accountability from progressives in\u00a0Annapolis transforming the state into what could soon be the next\u00a0Illinois is troubling.\u00a0<\/p>\n<\/div>\n

Tyler Durden<\/a><\/span>
\nFri, 07\/05\/2024 – 21:55<\/span><\/p>\n

\u200bhttps:\/\/www.zerohedge.com\/political\/self-created-hole-education-reforms-push-maryland-toward-financial-cliff<\/a>\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"

“Self-Created Hole”: Education Reforms Push\u00a0Maryland Toward\u00a0Financial Cliff Fitch, Moody’s Ratings, and S&P Global Ratings recently reaffirmed Maryland’s\u00a0coveted\u00a0triple-A credit rating.\u00a0However, Moody’s downgraded the state’s outlook from…<\/p>\n","protected":false},"author":0,"featured_media":1475570,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[1],"tags":[],"class_list":["post-1475569","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","wpcat-1-id"],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/pbimBl-6bRv","jetpack_featured_media_url":"https:\/\/bugaluu.com\/news\/wp-content\/uploads\/sites\/3\/2024\/07\/2024-07-05_12-25-27-3wLZCF.png","_links":{"self":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts\/1475569","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/comments?post=1475569"}],"version-history":[{"count":0,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts\/1475569\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/media\/1475570"}],"wp:attachment":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/media?parent=1475569"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/categories?post=1475569"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/tags?post=1475569"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}