Teachers are grateful, but know it may be years before the district is solvent . They feel really good about the parent support, but they realize it s impossible for then to solve this problem.
The 22, 000-student district discovered the shortage last month. It s extraordinary. Nobody would have imagined something happening like this at this level, said State Treasurer Mike Coffman.
Coffman and district officials last week agreed on a state emergency plan freeing yp a $9. 8 million loan that enabled the payroll to be met for 2, 700 teachers and staff in time for the holidays.
District officials also took $1. 7 million from student-activity accounts its 38 schools.
At Coffman s request, the District Attorney has begun investigating the district s finances. Coffman says he wants to know whether district officials hid the budget shortage until after the November election, when voters approved a $212 million bond issue for schools.
In Frederick, students parents are buying classroom supplies and offering to pay for groceries and utilities to keep first-year teachers and principals in their jobs.
Some $36, 000 has been raised in donations from Safeway. A Chevrolet dealership donated $10, 000 and forgave the district s $10, 750 bill for renting the driver educating cars. IBM contributed 4, 500 packs of paper.
We employ thousands of people in this community, said Mitch Carson, a hospital chief executive, who helped raise funds. We have children in the school, and we see how they could be affected.
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