Cash-strapped Normandy School District staves off bankruptcy

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by KMOV.com Staff

KMOV.com

Posted on January 16, 2014 at 8:18 AM

Updated Thursday, Jan 16 at 9:07 AM

(KMOV) – The cash-strapped Normandy School District says it has managed to buy more time from going bankrupt.

 

In October, district officials said they were on track to run out of money by April. The district said it started the school year with a certain amount of money in its reserves and since then has incurred major expenses with the transfer of about 1,000 students.

But officials at Wednesday night’s school board meeting said that won’t happen. The St. Louis Post-Dispatch reports Superintendent Ty McNichols said the district has managed to save money, though he added it won’t sustain them for long.

Normandy is still waiting to hear of it will get any money from the state legislature. Next week the district will meet with education officials from the state to talk about the future of the district, including a plan that would remove control from the current local school board when a district loses its accreditation.

 

 

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