Sunday, February 04, 2001

Extra money requires plan

        All 75 Cincinnati Public Schools will receive a midyear influx of cash this month, thanks to voters who approved a 6-mill tax levy in November.

        The money, equal to $180 per student, comes from a cash reserve set aside by the district in case the levy failed. The district no longer needs that money as a backup, said Mike Geoghegan, district treasurer.

        That means a school such as Sands Montessori, with 684 students, can expect a check for roughly $123,000.

        Before schools can receive their money, they must submit a plan to the central office describing how they will spend those funds. Schools can carry the money over into the budget for the 2001-02 school year.

        The $180 represents cuts made two years ago when the district did not win voter approval for new taxes. The Board of Education approved the allocation of those funds Jan. 22.

        Neighborhood schools will see even more money. One mill, or $5.97 million from the new tax levy, is slated to boost budgets in these nonspecialized schools.

        Neighborhood schools must submit a program plan, explaining how they will use the new funds to improve academics, before the district will release the additional money.

        Those plans are now being evaluated by central office staffers. Schools will receive the extra funding to use in the 2001-02 school year.


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