The Oak Ridge Board of Education will have a special meeting on Monday to consider approving $538,048 worth of one-time spending that was approved by the Oak Ridge City Council this past Monday (May 6).
If the Tennessee Department of Education agrees, the extra money, which had been requested by Oak Ridge Schools and the BOE, would not be part of the city’s annual “maintenance of effort” for the schools, a level of funding that can’t be reduced.
Most of the $538,048, or $425,000, would be used in the next fiscal year for principal and interest payments for a four-year technology lease that began in fiscal year 2016, the current fiscal year. That lease funded the purchase of convertible laptops for grade levels 5-8, supporting what is known as a 1:1 initiative and part of Access Oak Ridge.
The other $113,048 would be used for building improvements: [Read more…]