News Columns & Blogs

Why school districts need contingency funds

Here is another reason why school districts such as Wichita have contingency funds, and why they are reluctant to spend them down, as some anti-tax groups are urging: The state doesn't honor its funding commitments. For the third consecutive month, the state is delaying $200 million in aid payments to public schools. As a result, districts that don't have contingency funds are struggling to meet payroll, and state officials expect that nearly 100 districts will be forced to violate cash-management laws to pay their own bills.