Colorado school district declares financial emergency
April 15, 2011
FALCON, Colo. (AP) – A Colorado Springs-area school district has declared a financial emergency because of looming budget cuts.
The Gazette reported that the Falcon School District 49 board unanimously approved the measure on Thursday.
The move allows the district to end contracts with vendors as well as staff, including teachers.
The district can avoid paying severance payments to staffers who are laid off. The board is also considering a policy that would also allow the district to reduce pay and benefits for teachers.
The district’s lawyer, Brad Miller, said the declaration is mostly aimed at multi-year contracts held with vendors. He said the measure gives those companies early notice that the district may not be able to keep up its end of the contracts.