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  "documentTitle": "PowerSchool Holdings, Inc. (PWSC)",
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  "notes": "The slide uses three charts to establish a baseline growth rate for the K-12 sector prior to COVID-19.",
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      "text": "Dept. of Education Discretionary Spending: Elementary and Secondary Programs ($bn)",
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      "text": "In the decade leading up to the COVID-19 pandemic, K-12 education spending in the U.S. grew at a consistent low single digit pace. It was generally accepted that spending by K-12 districts on software and technology would grow in excess of that pace due to the increasing digitization of the sector.",
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      "text": "Source: U.S. DoE data, U.S. Census data",
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