Settlement offered in Memphis school budget feud

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MEMPHIS, Tenn. – The school board in Memphis voted 8 – 1 this past Tuesday to indefinitely delay the school year until they received the $55 million in tax revenue they say the city government owes them. The school board announced that they in fact are owed much more, due to shortfalls in the past years, but will do with receiving all the money the city has set aside for the school system for this coming year.

Action News 5 reports that a resolution between the Memphis school board and the city government might be near. Mara Cashiola, a city spokesperson, said that the city had offered a settlement which included $10 million in future reserve funds to the school board.

This decision might potentially delay the school year, which will leave many parents desperate for activities and care for their children.