Panel backs one-time $2 million transfer to cover textbook purchase
After debate over capitalization rules and fiscal impact, the committee approved support for a one-time $2,000,000 transfer from capital pay-as-you-go funds to reimburse the general fund for a recent textbook adoption; superintendent said the move represents near-term relief and is not intended as a new normal.
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The oversight panel voted to support a one-time $2,000,000 transfer from the district's pay-as-you-go capital funds to reimburse the general fund for a recent two-year science textbook adoption.
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