The new class of governors, state legislators, and chief state school officers elected last week will face formidable challenges in dealing with the squeeze the nation's sagging economy--and ballooning state budget deficits--is putting on K-12 education. In the November 4 elections, Democrats added one more governor's office--in Missouri--to their…

The 2008 state legislative season launches this month under a fiscal cloud in a number of states, where ambitious education initiatives--including expanded pre-K programs, college- or career-preparation efforts, and improved teacher pay--may end up being balanced against gloomy revenue projections. A revenue slowdown--foreshadowed last month in…