Shelby County Owes Suburban School Districts Millions - Articles

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Posted by: Jarod Word on May 10, 2019

Shelby County’s suburban school districts are owed about $5.2 million by the county regarding funding of capital school projects, The Commercial Appeal reports. Current policy states that there be an equitable disbursement to each district; however, recent changes to the schools’ funding system when the suburban school districts seceded has created a two-year backlog on project development. Several of the schools affected were forced to find creative funding for existing projects such as bond sales, dipping into reserves — which cannot be reimbursed with county money — and completing projects piecemeal over several fiscal years.