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Rep. Carney's bill to help financially strapped schools

Measure designed to keep 12 coal country Kentucky schools remain open. "Educating our children is one of the most critical functions of our government. If that mission is in peril in any way, it is vital that we step up and provide assistance where we can." - REP BAM CARNEY, Chairman of the House Education Committee.
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From Matt Smith, LRC & Daisy Olivo, House Republican Leadership

FRANKFORT, KY - (February 9, 2017) – In response to growing concern among 12 Kentucky school districts that they may not have the necessary funding to finish out the school year, the Kentucky House has established an emergency, zero-interest loan account for struggling school districts.

The legislation, sponsored by Rep. Bam Carney of Campbellsville, seeks to assist rural school districts who have fallen under difficult financial circumstances, through no fault of their own, using excess SEEK funds that are not to exceed $7 million. Declining coal severance revenues and the erosion of local property tax bases have left many rural school districts without the necessary operating funds.


"Educating our children is one of the most critical functions of our government," said Carney, who serves as chairman of the House Education Committee. "If that mission is in peril in any way, it is vital that we step up and provide assistance where we can. By passing this legislation, the House showed today that no public school in this state will be left behind."

School districts that meet certain criteria are eligible to draw up to $500,000 from the school loan fund account. While not a long-term fix, the legislation will help struggling Eastern and Western Kentucky schools remain solvent in the near future, so that no child’s education is harmed.

The measure now moves to the Senate for consideration.


This story was posted on 2018-02-09 10:02:55
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