Normandy schools won’t need Missouri bailout

Normandy schools won’t need Missouri bailout

Normandy schools won’t need Missouri bailout

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by Associated Press

KMOV.com

Posted on June 30, 2014 at 12:07 PM

JEFFERSON CITY, Mo. (AP) -- A troubled St. Louis area school district is ending the budget year without having to use a financial lifeline from the state.

Missouri lawmakers authorized up to $2 million to help the Normandy School District.

The state Department of Elementary and Secondary Education, which is overseeing the district’s finances, said none of the money was needed for the fiscal year ending Monday.

The department said Normandy’s finances were “fragile,” but it maintained a small positive balance as a result of midyear layoffs, the closure of an elementary school and careful financial management.

 

The Normandy district has been unaccredited. Its finances worsened this past year, in part, because of a state law that requires unaccredited districts to pay the costs of students choosing to transfer elsewhere.

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