This is a joke – we already have signs.
My block has, on a 100m stretch, bracketed by two four-way-stop intersections:
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A flashing "School Safety Zone, Drive Slowly" sign.
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A "Community Safety Zone, Fines Increased Begins" sign.
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"SCHOOL" written in large letters on the pavement.
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A pedestrian crossing sign.
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30km/h signs before and mid-block.
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Multiple speed bumps.
Speeding is still common. People run the stop signs constantly. And if anything both seem more common during school hours than outside of them.