Bail Out Plan For School System

The Mobile County School System is having to dig deeper into their pockets this month.
During their monthly meeting tonight Board Members voted on borrowing 18 million dollars for this month's payroll.
In an urgent memo sent to the Mobile County School System, the State of Alabama Education Board says it will only give the School System 75 percent of what they usually give them each month to pay their employees.
While the State Board blames the lack of tax revenues, Superintendent Dr. Roy Nichols says the School System has to borrow money from Regions Bank to meet this month's payroll. In the meantime, he hopes Amendment 1 will pass November 4th to help prevent financial setbacks in the future.
"If amendment one passes that means that the state probably will not have to declare proration this year because they'll be able to borrow money from that Rainy Day fund,"Said Nichols. Superintendent Nichols says if Amendment 1 doesn't pass Mobile County Schools could face hundreds of more job cuts.
The Amendment re-establishes the education Rainy Day fund and allows state schools to borrow more money.