BUSINESS
11/01/2014 03:53 pm ET

States Slashing Education Spending

MOORE, OK - MAY 19:  Janet Underwood (L) watches as her son and other children get on the school bus in front of what used to
MOORE, OK - MAY 19: Janet Underwood (L) watches as her son and other children get on the school bus in front of what used to be a trailer park before it was destroyed almost one year ago by a tornado on May 19, 2014 in Moore, Oklahoma. One May 20, 2013 a two-mile wide EF5 tornado touched down in the town killing 24 people and leaving behind extensive damage to homes and businesses. (Photo by Joe Raedle/Getty Images)

State-level K-12 education spending has fallen dramatically in many states since 2008. In that time, 29 states cut per pupil spending, shifting the burden of financing education to local school districts and, in many instances, forcing schools to cut costs and even teachers.

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