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April 15, 2010

Fewer Minnesota school districts had excess debt in 2009

Tom Weber:

A new State of Minnesota report finds that fewer Minnesota school districts are in the worst category of financial hardship.

The report reveals six charter schools and five traditional public school districts were in what's called "standard operating debt" last year.

Schools in standard operating debt don't have to close, but they must follow certain spending rules aimed at improving their fiscal standing.

This year's 11 districts in standard operating debt is a small decrease from the previous year's number and it continues a mostly downward trend since 2001, when 45 districts had that label. This year's tally is also the lowest number of schools to be in standards operating debt since the state started keeping track in 1990.

Posted by Jim Zellmer at April 15, 2010 2:02 AM
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