Should Principals Manage Their Own Budgets?

Description:

Under a new federal fiscal transparency rule, many principals will be clamoring for more control over their budgets. Are they ready for it? A growing number of school finance scholars say principals should be left to manage their school's budgets since they're closest to the classroom, know best what resources their schools need and how much their teachers should be paid. But crafting a budget takes time, skill and a certain type of finance savvy that many say principals aren't trained for.