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School districts hang on to spending reserves

Local officials cite limits on money, the need for an emergency cushion

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Posted: Thursday, May 3, 2012 12:00 am

On paper, some local school districts' reserves appear flush with money while layoffs and other cuts continue.

For the last several years, area school boards have reduced staff, increased class sizes and eliminated elective courses — and seem poised to do so again this spring — all the while packing their savings accounts with rainy-day funds.

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