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  "documentTitle": "PowerSchool Holdings, Inc. (PWSC)",
  "authorId": "54_Spruce_Point_Capital",
  "authorName": "Spruce Point Capital Management",
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  "presentationDate": "2024-04-17 00:00:00",
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  "pageNumber": 35,
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  "notes": "Uses a causal chain diagram to illustrate the link between ESSER funding expiration and job losses.",
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      "text": "After Sept 2024, ESSER funds can no longer pay for labor",
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      "text": "Right now, $24B of ESSER3 is paying for district annual labor* -> When ESSER ends, reducing $24B in annual labor costs likely means a reduction in jobs -> $24B on labor** = ~250,000 education jobs",
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      "text": "ESSER EXPENDITURE DASHBOARD",
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      "text": "education jobs: 250,000",
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      "text": "Georgetown University's analysis suggests that as many as 250,000 jobs hang in the balance as ESSER funds run out. As COVID-19 era funds dry up and budget dollars become more limited, Spruce Point believes that districts will prioritize headcount and benefits over other areas of the budget, such as technology spending.",
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      "text": "Source: Georgetown University data",
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      "text": "ESSER Fiscal Cliff Will Force District Leaders To Make Difficult Choices",
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