As the budget impasse continues our local schools are being forced to tolerate an increasing financial burden. The state has already missed over $1 billion in payments to schools statewide. Our public schools are now relying on collected property tax revenue to pay their bills, keep classrooms operating and busses rolling. Sadly, our private faith based schools still can’t buy textbooks for their children.
If a resolution cannot be reached soon, 41 school districts are anticipated to experience cash flow difficulties by October and an additional 120 school districts would experience cash flow difficulties by December. This will likely lead to our local schools having to bear additional costs and borrowing to keep their doors open. This is unacceptable, and is one of the many reasons the Senate has passed a stop-gap budget that would help alleviate these stressors on our children’s education.
In the attached document you will find the Total Major Subsidy Distribution (state and federal funds) budgeted for each school district, as appropriated per the stop-gap budget, and the estimated month in which that school district will begin to experience cash flow difficulties without a stop-gap budget. You will find the schools in the 36th district highlighted in yellow.
Ryan