Finance

Critics Warn That Quick Holiday Cash Could Lead to Spiraling Debt

Buying gifts, travel, and spending money on the holidays is on the forefront of most families minds during the holiday season. But for the sake of ensuring a happy holiday for their loved ones, many find themselves overspending and out of cash. The growing trend of people turning to quick cash solutions is troubling for their financial futures, experts warn.

The difficulty comes with the pressure of wanting to provide friends, family, and loved ones with a memorable holiday experience. A combination of media and advertising pressures, social fears, and a genuine desire to make loved ones happy is pushing many people to the brink of bankruptcy each year.

Read more: Critics Warn That Quick Holiday Cash Could Lead to Spiraling Debt

Tucson's Public Schools, Police, and Fire Dept. Finances Struggle

Many of Tucson’s government-funded (and most vital) organizations are facing serious budget cuts and pension problems, despite ruthless cutbacks in spending. Possibly solutions are still being discussed, but the problems are massive and costly.

 

Tucson Unified School District Takes a $6 Million Hit in Funds

In May of this year, the Tucson Unified School District faced a funding reduction of almost $6 million, and had to make layoffs to excess staff, and make cuts in transportation, custodians and maintenance workers, and materials and supplies in order to keep the school budget from dipping into the red.

The funding cuts to the Tucson Unified School District put strain on schools throughout the city, but administrators managed to make very few layoffs to teaching staff and administrators on the school level. They wanted the funding cutbacks to have as little direct impact on the students as possible. But their financial situation isn’t likely to improve in the near future, despite these budget changes; not unless they receive a new source of funding, and soon.

Read more: Tucson's Public Schools, Police, and Fire Dept. Finances Struggle