Jay Schools to get $650,000 from state (01/12/06)

Gov. Mitch Daniels announced Wednesday night in his State of the State address that Indiana schools will recieve $156 million from the state’s tax amnesty program to begin paying back $312 million owed since 2001.

According to Dist. 33 State Rep. Bill Davis (R-Portland), Jay Schools stand to receive more than $650,000.

“We haven’t been officially or unofficially made aware of what we’re getting,” said Brad DeRome, business manager for the Jay School Corporation. “It’s too early to tell how much will come back to each school, but anythime (the legislature) talks about giving money back to the schools, I’m happy.”

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DeRome said the money would most likely be put in the school system’s general fund; a fund that makes up roughly $23 million of the system’s $30 million total budget and is used to pay teachers and administrators, pay utilities, buy supplies and cover various other expenses.

The Indianapolis Star reported that Daniels also urged lawmakers to pass laws that would allow funds to be transferred from one part of a school’s budget to another, and to find ways to cut school overheard, therefore freeing up more money for school programs.

“We have been disappointed in the past, so we just have to wait and see what gets passed before getting too excited,” said DeRome.[[In-content Ad]]