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William H. Cole IV
Baltimore's development boom leads to loss in school aid
Baltimore's development boom leads to loss in school aid

With development booming in Baltimore, the city's property wealth grew by more than $1.3 billion last year — by far the fastest rate in Maryland. But those gains have come with a cost: deep cuts in state aid to city schools. The proposed state budget for next year cuts aid to Baltimore public education by $35 million, in part due to a funding formula that now assumes the city is rich enough to pay more toward its schools. The cuts have left city officials crying foul and schools CEO Gregory E. Thornton warning that he could have to lay off 393 teachers. "The city's growth outpaced the rest of the state significantly," says Baltimore budget director Andrew...

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