School districts seek higher cap on reserve accounts
November 18, 2020
SHERIDAN — Administrators from local school districts asked legislators to push for an increase in the amount districts can keep in reserves, especially as budgets tighten across the state.
Currently, school districts by law can keep 15% of their budgets in reserves.
Sheridan County School District 2 Superintendent Craig Dougherty said a higher cap on reserves would allow districts to continue funding student programs when revenues are down.
Dougherty also noted school districts are not currently encouraged to be fiscally responsible, because if they have any funds remaining beyond the 15...