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Tipton County Schools report $15.33 million insurance settlement; staff say additional disaster-relief funding sought
Summary
The board was told that the district received a $15,329,809.69 insurance wire earlier the day of the meeting. Staff said that receipt enables the district to pursue other disaster-relief funding to close a roughly $10 million gap related to recovery and rebuilding.
Tipton County Schools officials told the board on Monday that the district received an insurance settlement wire of $15,329,809.69, a payment staff said will allow them to pursue additional disaster-relief funding to cover remaining recovery costs.
At approximately 2:57 p.m. the district was notified that the insurance wire had been received, a finance…
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