Oak Ridge City Council approves funding for schools

Oak Ridge City Council approves funding for schools

Posted:

OAK RIDGE (WATE) - The City of Oak Ridge approved Tuesday a General Fund transfer of $250,000 from city fund balances to assist Oak Ridge schools after the director of schools said the system was in danger of closing on Oct. 1.

Officials say Oak Ridge Schools were notified in August by the State Department of Education about failing the maintenance of effort test that requires local funding to remain at least the same from year to year. 

Tennessee law requires local governments fund local school systems by at least the same amount each year.

The budget must be amended by Sept. 30 to address this shortfall. If no resolution is found, the state will begin withholding $1.87 million dollars in Basic Education Planning funding per month.

Two school board meetings are still required to approve the new budget.

Powered by WorldNow

1306 N. Broadway NE Knoxville,
Tennessee 37917

Telephone: 865.637.NEWS(6397)
Fax: 865.525.4091
Email: newsroom@wate.com

Can’t find something?
Powered by WorldNow
All content © Copyright 2000 - 2014 Young Broadcasting of Knoxville, Inc. A Media General Company.