You’ve got that absolutely right. Let it be handled at the local level. Force unions to fight a thousand brushfires instead of just one biggie. Its always easier to spend money when you kick things upstairs. If the buck stops on your block the spenders have a much harder time.
Adding an additional balance sheet liability to local districts will have a big impact on school bond holders. Suddenly the school districts will be severely in the red.
I do like the idea of more local control to control costs, but remember that most school boards are now controlled by teacher’s unions and former teachers. Without more voter interest in who gets on the boards..the game will continue.