COVERT, Mich. — Covert Public Schools has asked for an advance on its monthly state aid so that it can make payroll on Oct. 15, according to The (St. Joseph) Herald-Palladium. The $148,000 payment typically wouldn't arrive until Oct. 20.
The October payroll is $200,000, bookkeeper June Parker reported to the board earlier this month, according to The Herald-Palladium.
The district saw revenue decline by $2.4 million after the state reclassified some taxes at the nearby New Covert Generating power plant, The Herald-Palladium reported. The district recently won a lawsuit seeking to overturn the reclassification, but also has reduced spending by about $2 million, according to the report.
SOURCE:
The (St. Joseph) Herald-Palladium, "Covert seeks fast cash,"
Oct. 7, 2010
FURTHER READING:
Michigan Education Report, "Covert owes $700,000 to MESSA,"
Feb. 22, 2010
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