The $2-a-pack cigarette tax will generate about $49 million in revenues to the cash-strapped schools in the first year, but it does not solve the district's long-term financial problems.
Recently in District Finances Category
September 23, 2014
September 12, 2014
John Deasy, under scrutiny for his own communications with technology companies, has filed a public records request seeking information about school board members' correspondence with vendors.
August 27, 2014
The district's emergency manager reversed course after the measure was criticized by both teachers and the state education superintendent. The pay cut was part of the most recent deficit-reduction plan the district submitted to the state.
August 01, 2014
Revenue from a 15 percent excise tax on marijuana sales flows into special grant funds to help districts pay for construction projects and to hire more health professionals.
July 30, 2014
K-12 school districts could be impacted by two recent court decisions that issued contradictory rulings on core pieces of the Affordable Care Act.
July 09, 2014
Reports from a progressive think tank suggest changes in state policy could help districts get more bang for their buck.
June 26, 2014
Gov. Jay Nixon delivers on a promise to veto a bill that would have created a voucher program for students who attend unaccredited districts.
June 17, 2014
Chairman of the School Reform Commission William Green says he says a "prayer" every morning because he does not see how the funding crisis—now an annual rite of spring—could be fixed without the intervention of a higher power.
May 23, 2014
Nationally, per-pupil spending was static between fiscal years 2011 and 2012, but overall expenditures by districts dropped off some.
March 06, 2014
A national survey finds that more than half of the nation's public schools need major upgrades to bring their buildings to "good overall condition."