The Memphis school board and the city council have reached an agreement that will avoid any delay in the start of the school year.
The school board had voted to delay opening day until the city paid its share of tax revenue due to the 105,000-student district.
According to the Memphis Commercial Appeal, the two sides have worked out a deal:
The council approved the school district's $884 million budget and a payment schedule for the city's contribution, ending contentious talks that included a threat by school officials to delay the start of the academic year.
"This is good news all around," said a beaming [Superintendent Kriner] Cash following the council's vote. "We're prepared to open. All I do now is go push the green button that says go.