Re: All Providence teachers receive layoff notices
This is really a shame... for the teachers, for the kids, for everyone. However, people just don't seem to understand that salaries & wages are usually 80% or more of a public sector's budget. If there is no money, there is no money. People are just blithely presuming that there's plenty of money, these states just don't want to give any of it to their employees.
Look, if your bank account is down to zero, can you just go print more money to pay your employees and your bills? No. You go bankrupt. Your employees are unemployed, and your debtors line up in bankruptcy court. What makes folks think that it's any different for a state, just because they have more money and more expenses than the little guys?