MEMPHIS, Tenn. (AP) -- A judge has ruled that the city of Memphis owes the city school system $57.4 million in a dispute over funding.
Chancellor Kenny Armstrong ruled Tuesday that the City Council's decision to slash by $66 million the amount it gave to the school system violated the state's Basic Education Funding formula.
According to The Commercial Appeal, the ruling could have major implications for the city's budget process. The city is already facing a $15 million deficit this fiscal year and a $25 million deficit to begin the next fiscal year.
Information from: The Commercial Appeal, http://www.commercialappeal.com
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