School finance panel wants to hold line on penalties

Standoff continues as school accountability board rejects lawmakers’ penalty suggestions

A school accountability board on Monday rejected a legislative committee’s earlier decision to waive penalties for schools that had too much cash saved up, prolonging a standoff that board members don’t yet know how to resolve. In November, the South Dakota School Finance Accountability Board recommended partial waivers for the Frederick Area and Miller school districts, both with fiscal penalties of 10% of the districts’ excess cash balances. T…

School finance panel wants to hold line on penalties

PIERRE, S.D. (KELO) -- The state government panel that reviews financial conditions of South Dakota school districts isn't willing to be as lenient to two districts as a majority of the Legislature's Appropriations Committee members have wanted. What ultimately will happen to the Frederick and Miller districts, however, is murky at best. The South Dakota [...]