finance

Comptroller Issues Report on Education Debt in Texas

Today in Austin, Texas Comptroller Susan Combs released the third report in a series focused on transparency entitled, "Texas It’s Your Money."

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Gov. Scott Supports Debit Cards for Fla. Teachers

Florida's Gov. Rick Scott wants all his teachers to get state-funded debit cards they can use to purchase school supplies that many now pay for with their own money.

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Former Ky. Schools Chief Caused Loss in State Funding

The indicted former superintendent of Breathitt County schools cost the district $191,000 in state funding by cutting 10 days from the school year in 2011, according to a state audit released Wednesday.

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Piedmont (Calif.) USD Faces Big Cuts if Prop. 30 Fails

The Piedmont (Calif.) Unified School District could stand to lose about $1.1 million or $441 per student by January if voters don't approve Proposition 30 on Nov. 6.

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School Reform Commission Moves to Cover Deficit with $300M Loan

The Philadelphia School Reform Commission moved Monday to borrow $300 million to bridge a massive deficit, emphasizing the bond deal will probably be the district's last for several years. In a brief, sober meeting, the commission approved a tough five-year financial plan for the district as a prelude to the bond sale to cover a deficit of more than $200 million in the current $2.5 billion budget, as well as a shortfall anticipated in the fiscal year that begins next July 1.

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ANGELA PASCOPELLA's picture

Fla. District to Undergo Independent Audit as Interim Superintendent Named

Robert Gagnon, who was named an assistant superintendent just six months ago, is now serving as the interim superintendent of schools as the Manatee County School Board searches for a superintendent who can clean up the mess Tim McGonegal left behind with an immediate resignation Monday.

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Judy Hartnett's picture

Feds Urge Colleges to Adopt New Student Aid Form

U.S. Education Secretary Arne Duncan is urging colleges and universities to adopt an easy-to-understand financial aid form to help students make smarter decisions on where to study, how to pay and determine what they'll owe.

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Are Bankrupt Cities Foreshadowing the Future of Schools?

Superintendents fear they may face the same fate as faltering U.S. cities and declare bankruptcy.
Marion Herbert's picture

Springfield (Mo.) School District 'Addressing Majority of Audit Findings'

The Springfield (Mo.) School District say it's making progress after a critical audit earlier this year.

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ANGELA PASCOPELLA's picture

Duncan Denies S.C.'s Request for Hearing on Loss of Ed Money

The U.S. Education Department denied South Carolina's request to further appeal a $36 million penalty for not spending enough on special education during the economic downturn, meaning the cut could continue indefinitely.

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