Nearly 33% of local authority of schools in the UK cannot cover their daily running costs a study suggests.
This is a fourfold increase in the amount of schools in that position in the last four years according to The Education Policy Institute.
Nearly half a million pounds to the average debt of such schools but the Department of Education states that across all school types nearly 90% of schools are in surplus.
David Laws, chairman of the Education Policy Institute (EPI), said the latest school budget figures, for the term of 2017 to 18, showed a “marked deterioration”.
Geoff Barton the Head teachers’ leader said the study showed funding levels were “not realistic” and many education institutions were now facing a “financial cliff edge”.
Mr Barton, leader of the ASCL head teachers’ union, warned that without much more funding for schools things will just get worse and worse.
Secondary schools present their own unique problems according to the EPI with about a tenth of local authority secondary schools having budget deficits of more than 10% of their income.
The government should first ensure they support schools facing such “excessive” funding difficulties before allocating funds to schools in surplus.
The think tank says it is difficult to establish directly comparable figures for individual academies that are part of multi-academy trusts but 50% of secondary academies have in-year deficits.
The report also highlights the unevenness of funding levels.
All is not bad news, there is many schools running a surplus totaling a whopping 1.8 billion pounds that includes believe it or believe it not 250 million that has not been allocated for expenditure.
Sliding into debt
But the National Education Union says that funding is not keeping pace with rising cost pressures – and that since 2015 the school system has 326,000 more pupils.
They have complained of so called voluntary contributions from parents been used to fill the gaps.
They charge the Department for Education and the Treasury of sloganeering while schools were drowning in debt.
To add insult to injury schools deep in dept are been asked to provide more and more services in relation to special needs etc in their schools.
Labour’s shadow education secretary, Angela Rayner has tried to hold the Government to account in Parliament but Brexit has made progress on any of these issues impossible