25% funding cut for Alabama schools

MONTGOMERY, Ala. (AP) - Education leaders across Alabama are scrambling find ways to make up a 25 percent cut in funding they were expecting to get from the state this month.

State Superintendent Joe Morton told superintendents in Alabama's 131 school districts that the Education Trust Fund only has enough cash flow to pay 75 percent of this month's allocation for payroll.

Morton is encouraging local systems to use the money in their savings accounts or to go to the bank to borrow the remaining 25 percent so that they can pay employees on Friday.

He said Morton he hopes the state will be able to give systems the rest of the money by Nov. 7.

(Copyright 2008 by The Associated Press. All Rights Reserved.)