Wednesday, April 25, 2012

City's Surplus Could Offset School Department's Deficits

The school department ended fiscal 2011 more than
$760,000 in debt. But because the city finished the fiscal year ending last June
with a $9 million surplus the school department could get a bailout. The city
administration is recommending that the City Council use some of that surplus to
erase the school department's debt, which has accumulated over a couple years,
said City Administrator Jerre Bryant.
- John C.L. Morgan

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