(Zero Hedge)—San Francisco is gearing up to shut down 9% of its public schools in a desperate move to fix a massive budget deficit. With student enrollment plummeting and pandemic relief funds drying up, the city is set to close or merge 11 out of its 121 schools, leaving the future of thousands of students and teachers hanging in the balance.
The proposal, which was announced late Tuesday, comes as the school district faces a whopping $113 million in cuts by 2026, or risk a dreaded state takeover. “Without a balanced budget and a plan to consolidate our resources, we risk a state takeover,” warned Superintendent Matt Wayne, adding that such a takeover would “further deplete resources directed to our schools, erode our collective decision-making power, and likely compound educational disparities for our most vulnerable students.”
The schools on the chopping block serve about 2,000 kids, while another two will merge with other locations, according to local reports. And it’s not just the school closures – San Francisco’s school district has already been slashing jobs and cutting back on school supplies. Things could get worse when the final list of schools is voted on next month by the school board, Bloomberg reports.
This is the latest blow to a city grappling with skyrocketing homelessness and a fentanyl crisis. San Francisco’s public school enrollment has plunged by over 4,000 students in the last seven years – costing the district $80 million. By 2032, they’re expecting to lose another 4,600 students thanks to falling birth rates and demographic shifts.
Feeding the ‘Doom Loop’
The planned school closures are more than just a budgetary issue – they are a reflection of the larger economic “doom loop” San Francisco finds itself trapped in. As described by the San Francisco Chronicle, the city’s economic ecosystem is spiraling as the decline of core public services like schools accelerates a broader exodus of residents and businesses.
Thanks to crime, filth, and the pandemic – downtown SF has seen a sharp reduction in foot traffic as remote work has left office buildings and businesses empty. This shift has eroded the city’s tax base, leading to budget shortfalls across vital services. Now, with the closure of schools, families may be even more likely to leave the city, taking their children and spending power with them.
The doom loop is driven by a vicious cycle: diminished public services push people and businesses away, shrinking the tax revenue the city relies on to fund those very services. The closure of schools, much like the rise in homelessness and the overdose epidemic, threatens to further compound the fact that San Francisco is a city in decline, locked in a downward spiral.
As San Francisco’s public institutions falter, the question looms – how much longer can the city sustain these losses before it hits a tipping point?
It’s becoming increasingly clear that fiat currencies across the globe, including the U.S. Dollar, are under attack. Paper money is losing its value, translating into insane inflation and less value in our life’s savings.
Genesis Gold Group believes physical precious metals are an amazing option for those seeking to move their wealth or retirement to higher ground. Whether Central Bank Digital Currencies replace current fiat currencies or not, precious metals are poised to retain or even increase in value. This is why central banks and mega-asset managers like BlackRock are moving much of their holdings to precious metals.
As a Christian company, Genesis Gold Group has maintained a perfect 5 out of 5 rating with the Better Business Bureau. Their faith-driven values allow them to help Americans protect their life’s savings without the gimmicks used by most precious metals companies. Reach out to them today to see how they can streamline the rollover or transfer of your current and previous retirement accounts.
Is Kamala Harris’ Media Blitz Exposing Her Economic Flaws?
by Liberty Nation
Vice President Kamala Harris has been under scrutiny for her campaign rhetoric since she was handed the Democratic nomination ahead of the November election. While the mainstream media has called out her penchant for missing the mark, the examples are few and far between. The Fourth Estate’s failure to push…
Last day for the special on long-term storage beef. Save 35% with promo code “JDR” at Prepper All-Naturals.
New Poll Shows National Debt Concerning for Swing State Voters
by Just The News
A new poll of battleground states shows the $35 trillion rising national debt is a critical issue for voters. The swing state poll shows that nine out of 10 voters want candidates to have a plan for the rising national debt. This includes 95% of those voting for Democratic Vice…
“Line All Those Guys Up and Shoot Them”: Professor Says Men Who Don’t Support Female Candidates Should Be Massacred
by Daily Caller
(Jaryn Crouson, DCNF)—A professor at the University of Kansas (UK) told a class that men who would not vote for a female president should be lined up and shot, according to a video posted on X Wednesday. The university confirmed the professor is employed at UK and made the comment…
Democrats Insist That Transgender “Medicine” Is Essential to Military Recruitment
by Tyler O’Neil, Daily Signal
(The Daily Signal)—Several Democrats running in tight races for the U.S. House and Senate joined a larger group of Democrats in signing a letter urging Congress not to defund a measure providing experimental transgender medical interventions that’s included in a bill to fund the U.S. military. The vast majority of…
Whistleblower Warns That the Secret Service Is Trying to Hide Its “Negligence, Sloppiness, and Gross Incompetence” When Protecting Trump
by Bob Unruh, WND
(WND News Center)—There’s been a lot of open speculation about how effective the U.S. Secret Service, under the Joe Biden-Kamala Harris administration, has been in protecting President Donald Trump, who held that office from 2017-2021 and once again is a candidate. After all, that administration is the same administration that…
Three-Quarters of Americans Surveyed Can’t Pay Their Bills
by The New American
Lending Tree, the online lending marketplace, asked 2,040 American consumers in early September how they were doing. Seventy-six percent of them said that Bidenflation has made it more difficult than ever to pay their bills. Half of them said they have had to pay certain bills late in the last…
America Can’t Afford Four More Years of Governance by ‘Luxury Beliefs’
by Human Events
This Monday was the one-year anniversary of the October 7 massacre, an event which will rightly live in infamy. This is not simply because it remains the most vicious assault on Jews since the Holocaust, but rather because – sadly – it amounts to merely the prologue to a year…
New ‘Transparency’ Act Forces Small Businesses to Register Personal Data With Federal Law Enforcement
by The Federalist
The Corporate Transparency Act (CTA) is an aggressive domestic program to federally register millions of unsuspecting small business owners under the guise of an “anti-money laundering initiative.” By the end of this year, Americans will be required to hand over their small businesses’ private data — such as owners’ names…
New Research Shows America Isn’t Headed for a Recession… It’s Been in One Since 2022 and the Government Has Been Fudging the Numbers to Hide It
by Andrew Moran
(The Epoch Times)—New research by a pair of prominent economists suggests that the U.S. economy has been in a recession for the last two years after inflation adjustments are taken into account. According to Bureau of Labor Statistics data, cumulative inflation since 2019 has totaled nearly 25 percent. But inflation…
Survey Reveals Small Businesses Are More Uncertain Than Ever
by Casey Harper
(The Center Square)–American small business uncertainty hit an all-time high and optimism remains low just weeks before Election Day, according to the latest survey. The National Federation of Independent businesses on Monday released the survey, which showed small business uncertainty rose last month to the highest level ever recorded by…