This consolidated buying power has brought volume discounts, especially for small or isolated school districts. Modifying state payments. While local school districts have uniform expenses throughout the year, their income varies at different times on the calendar. During the first two or three months of the school year, for example, few districts have enough cash on hand to pay the bills. Then, starting in late November, with the arrival of the first local property tax revenues, most districts are able to get their creditors off their backs.
Trouble is, many go into debt to finance their first two or three months of operations.
And even these short-term borrowing needs bring loan service charges and other associated costs with them, taking money away from classroom instruction. TPR recommends modifying the schedule of Foundation School Fund payments to public schools so that local districts can receive a higher percentage of their money in September and October. Setting up worksite schools. Since then, dozens of other states have joined in. Some of the employers include banks, hospitals, hotels, power plants, universities, high-tech companies and even an airport.