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Republican Lawmakers Hope to Overturn Restrictions on School District Reserve Accounts

 
Republican Lawmakers Hope to Overturn Restrictions on School District Reserve Accounts
Posted August 19th, 2014 @ 9:02am by KFBK News

Some of the state's Republican lawmakers are looking to overturn a last-minute addition to this year's budget: Limits on how much money school districts can keep in their reserve accounts.

Assemblywoman Kristin Olsen of Modesto says the move dangerously limits financial flexibility.

"All of the experts in the field are telling us that this language in the education trailer bill will have a real, significant and negative impact on the financial health of our school districts," she said.

The limits were supported by the state's teacher's union, which said schools should be forced to spend the money in classrooms.

Opponents argue the unions just wanted more money freed up during contract negotiations.

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