States’ political failures are causing a massive transfer of wealth from classrooms to the richest banks in the nation.

In school districts from Pennsylvania to Illinois, Kentucky to West Virginia, state and local budget delays are putting the pinch on classrooms and costing districts tens of millions of dollars in additional borrowing fees — money going straight to Wall Street. In effect, political failures like budget delays, faulty tax software programs, or just political impasses are forcing some of the…

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