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by bubbah from Your subconscious

Last Post 1 day, 19 hours Ago


Yes, everybody got real judgemental, heavy on the "mental", about the lawsuits, didn't they? Sometimes you have to use your brain before your mouth or pen.

Memphis City Schools and the city of Memphis have reached an agreement on school funding that has been approved by the state education commissioner.

Under this proposal, the district will use $57.6 million its reserves to pay off debt to the city. The city will in turn give it back to the district.

In a letter to MCS general counsel Dorsey Hopson, state education commissioner Tim Webb said the transfer would meet the state’s maintenance of effort law, which says local governments can not reduce funding to school systems unless the student population drops. That means the state will not withhold its funding to the school district.

“At this time, the proposal submitted appears to satisfy the maintenance of effort of local funding requirement,” Webb said. “Therefore, the department grants preliminary approval of such proposal pending submission of budget documents and formal action of MCS.”

The city council slashed by $66.2 million its subsidy of the district, which triggered a threat by the state to withhold $423 million in funding. The district sued the city in an effort to recoup the funds.

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Member Comments Total Comments: 9
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ExPatNortherner read my blog
Aug 6, 2008 | 9:52 AM

Can someone say "Zero Sum Gain!"

Ex-Pat

integrityforus1 read my blog
Aug 6, 2008 | 10:26 AM

That transaction makes no sense

integrityforus1 read my blog
Aug 6, 2008 | 10:28 AM

That transaction makes no sense

But4grace read my blog
Aug 6, 2008 | 1:03 PM

Father God, help us, please!! Why, Why, WHY in the world did they put the city through all this? If, as Kenneth Whalum states, there are sufficient reserves at MCS to cover their own budgetary shortfall, WHY, WHY, WHY are we going through this? To say that this whole scenario has been SICKENING does not even begin to describe it! We'll have to invent a new word that combines "sickening," "frustrating," "asinine," and "incedulously backward," not to mention "crooked" and "self-serving!"

But4grace read my blog
Aug 6, 2008 | 1:05 PM

Excuse me, that word should be "incredulously!" :)

bubbah read my blog
Aug 6, 2008 | 3:21 PM

Because they had to do it. There wa no choice and they better hit the ground running hard to get the system straightened out this year, the whole administration needs to be fired. They change grades and steal hundreds of millions of dollars. It must stop, even if they starve them out. So now they have a year to pull it together or apart and start over, I hope they do.

sonnygll read my blog view my photos
Aug 6, 2008 | 3:53 PM

Bubbah, I just had to comment on the front page with your picture posted up, hahaha you look like a real criminal, to funny, but I like it:):)

sonnygll read my blog view my photos
Aug 6, 2008 | 3:57 PM

Although it is a real picture of Ford.

irishoaks read my blog view my photos
Aug 6, 2008 | 9:49 PM

off topic a moment, bubbah-=hi integ, go to entertainment, found something for you

this deal with the money for the schools just is amazing. it is, it isn't, but it is. or is it? it is plenty for Cash and for the new security system for Darling-half a mil I think I heard.

mmmmmmmmmmmmmmm too much, back and forth. shell game tactics.

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bubbah

The all seeing eye! We are watching you. I'm on a mission from God. Don't like it? Tough luck!

Member Since: 7/5/2007