We (me included) got off the track. The original post was not about the money involved in college sports, it was about HS budgets. These are being cut and sports are not being hit the same as other things are.
My wife is a school librarian and has been telling me about the cuts they are facing. Her district has eight elementary schools and these will be run by a total of two librarians. There is no way one person can run four school libraries and be effective. The library aides are being cut as well. My wife will be in charge of the two middle school libraries and even that will be stretching her mighty thin. The regular classroom teachers are are also being let go or not replaced when they retire. The teachers have been discussing the fact that the sports programs are not feeling the same pain.
Public schools are not like college in their funding. At the U of Iowa the athletic budget is self-contained, no general fund money is used. Public schools are much more in the way of drawing money out of one big pot. Some areas are getting a smaller ladle than others.
As an aside Bobert, I love the name your state gave their high stakes tests.