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Iowa school districts have over $145 million sitting unused

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October 23rd, 2016 by Ric Hanson

DES MOINES, Iowa (AP) — Iowa school districts are holding more than $145 million in their accounts, but superintendents say restrictions on that money is making it hard to spend. The Des Moines Register reports the money in dozens of different funds has grown since 2013 when the total was about $130 million, so school officials are lobbying for more flexibility.

Iowa State Board of Education member Mary Ellen Miller says the legislature should look at the rules on this money, so it’s not just sitting in bank accounts. But some lawmakers say the districts should just spend the money for the purpose it was intended. Democratic state Senator Brian Schoenjahn says the spending rules are there for a purpose.