Tuesday, February 5, 2013

Press-Tribune: Judge Allows Nampa Schools to Borrow to Keep Lights On

Posted By on Tue, Feb 5, 2013 at 9:31 AM

A judge on Monday cleared the way for the Nampa School District to borrow its way out of its financial miscalculations.

The Nampa School District's budget mess began after officials had projected a nearly $2 million surplus during fiscal year 2011, when in fact, it operated on a $1 million deficit. School officials said the mistake "was camouflaged by $3 million in federal stimulus money that hadn't been budgeted for." District budget officials said that the stimulus money was "double budgeted." Additionally, state support was overbudgeted by nearly $1 million.

Because of the budget mess, Nampa School Superintendent Gary Larsen resigned from his post in late September.

This morning's Idaho Press-Tribune reports that 3rd District Judge George Southworth granted permission on Monday to borrow as much as $4.3 million for "ordinary and necessary costs," such as payroll and monthly operation invoices.

Nampa school officals, meanwhile, are preparing for a Tuesday, March 12 levy, asking voters to approve a $4.3 million stopgap to pay back the loans.

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