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RED THURSDAY: SCHOOL DISTRICTS ARE MINUS $1 BILLION TO START THE SCHOOL YEAR

The week that started with Black Monday for the stock market moves to Red Thursday for schools today. Today is the day that schools should receive more than $1 billion in state subsidy payments for Basic Education Funding, transportation payments and employee benefit reimbursements appropriated in the new state budget. However, the state budget impasse has prevented this state funding from flowing, creating financial uncertainty for school districts across the commonwealth.
http://file2.pasbo.org/BudgetImpasseSurvey_8_27_15.pdf

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