Kingsport Times News Saturday, December 20, 2014

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Kingsport finds extra $150,000 for schools

June 16th, 2014 11:03 pm by Matthew Lane

Kingsport finds extra $150,000 for schools

KINGSPORT — It looks like Kingsport City Schools is going to get some extra money this year after all.

During a Board of Mayor and Aldermen work session Monday afternoon, City Manager John Campbell said he and city staff have identified $150,000 in next year's budget to allocate to KCS.

Kingsport provides KCS with $10.2 million in operating funds each year — money generally referred to as maintenance of effort money. The amount cannot be decreased by the BMA.

The BMA is scheduled to vote for a final reading on the 2015 budget during its regular meeting tonight.

During the budget process earlier this year, city staff had come up with a plan to close the $2.3 million shortfall Kingsport had been facing — raising property taxes by 13 cents and imposing $1.4 million in additional cuts, including freezing six positions and eliminating six others.

This plan also generated about $153,000 in unallocated revenue.

On Tuesday, Campbell said the $150,000 for the school system came from two sources — $80,000 in additional cuts and $70,000 from the unallocated revenue.

For an expanded version of this article, please see Tuesday's print edition or our expanded electronic edition.

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