State delays $15.9 million in payments to D279
The state of MN does not have enough revenue coming in this spring, so the state has a cash flow problem. The state is delaying payments to school districts who have been fiscally responsible and have built up a reserve fund to manage their budgets and cash flow appropriately. Essentially a loan is being made to the state from D279 Reserve Fund. The state will not reimburse districts for the costs incurred by the district related to this action. See more….
