It's no secret that school districts across the country are facing teacher layoffs, school closings and a decrease in extra-curricular programs due to severe budget cuts.

According to a recent article on AOL News California's education budget was cut by $17 billion over the past two years and will be cut another $2.4 billion this year... and more than 23,500 pink slips have been handed out to school employees'

But despite the gloomy headlines, one large school district is taking action. They have teamed with BidBridge to purchase several items including janitorial paper, craft supplies, game rugs and most recently an internet content filtering solution. With an average net savings of 14% on everything run through the process, examining your budget for items appropriate for the reverse auction process should be a no-brainer.

Event Summary: Internet Content Filtering Solution

During a recent event the seven suppliers placed bids on 5 line items comprising the content filtering solution. The contract is for three years.

First place changed hands 46 times and 546 bids were placed during the one hour 38 minute event.

Final price yielded 49% savings versus budget.

So next time you head read a headline about a school closing, see if they're using reverse auctions. Who knows, it could mean a better education for your children and saved jobs.