What happens if a District does not have the required reserve?
For a District that has a reserve that is close to the requirement, the result may be that the District has to present a plan to the County for increasing reserve. In other, more severe, cases, the County may monitor district expenditures. In the most severe cases, the State takes over the district and runs the district.
Related Questions
- What happens if a school district does not have enough personnel to fulfill the required number of members for the district professional development committee?
- What happens if, under the new formula, the calculated local share is LESS than the district is currently raising through school property taxes?
- What happens if, under the new formula, the calculated local share is MORE than the district is currently raising through school property taxes?
