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Tuesday, May 25, 2010

Maintenance of Effort Waiver Granted

Because the County Government went below $137.7 Million + $19.7 Million in funding the specified legally-mandated Maintenance of Effort budget that the Board of Education proposed, it needed a waiver so that MCPS wouldn't get slapped with a penalty the following year.

After MCPS and the County Government came to a budget reconciliation agreement last week, the Maryland State Board of Education just voted 7-5 to grant MCPS the Maintenance of Effort Waiver for FY11 and not give MCPS a $51.3 Million penalty next year.

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