Fla. board will oversee troubled school finances

By: Associated Press
By: Associated Press

TALLAHASSEE, Fla. (AP) — The state Board of Education has appointed a committee to oversee the finances of a small, rural school district in the Florida Panhandle that has run out of money.

The state has been monitoring and advising a handful of districts in financial distress in recent months amid budget cuts and the overall economic crisis.

The Jefferson County School District is in a particular trouble. The 1,200-student district has been losing students and expects to have a deficit of nearly $400,000 by the end of the school year.

The Board of Education voted Wednesday to appoint a three-person board to oversee the districts' finances and help develop a recovery plan. Jefferson is the first district in the state to receive such oversight.

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