JEFFERSON CITY, Mo. – Normandy is one step closer to getting the funds it needs to stave off bankruptcy.
Today, Missouri lawmakers gave initial approval to a mid-year budget plan that addresses funding shortfalls for schools and social services. The bill endorsed Tuesday by the House includes $5 million that could prevent the unaccredited Normandy School District from becoming insolvent before the school year ends.
Normandy hired a lobbyist to convince lawmakers that its dire financial situation was not because of mismanagement, but due to the thousands it’s paying in tution and transportation for students who left to attend accredited districts.
The funds include $22 million to help offset a shortfall in basic school aid that has occurred partly because casino tax revenues have come in short of projections. Gov. Jay Nixon had sought twice as much to plug that shortfall. But House budget leaders said they don’t know if that much will be necessary. The bill needs another House vote to go to the Senate.
(TM and © Copyright 2014 CBS Radio Inc. and its relevant subsidiaries. CBS RADIO and EYE Logo TM and Copyright 2014 CBS Broadcasting Inc. Used under license. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. The Associated Press contributed to this report.)