School district selling buildings to offset budget shortfall



Estimated read time: Less than a minute

This archived news story is available only for your personal, non-commercial use. Information in the story may be outdated or superseded by additional information. Reading or replaying the story in its archived form does not constitute a republication of the story.

LAWTON, Okla. (AP) — The Lawton school district is selling two empty buildings to help offset an expected budget shortfall.

The Lawton Constitution (http://bit.ly/1chJSov ) reports its board of education voted Monday to sell the Professional Development Center and the Jackson Elementary School.

The district anticipates losing about $5.6 million in state funds due to a change in its enrollment number used in a state funding formula and a drop in state projected revenues.

The district also has already hired about 100 teachers, which will result in an increase of about $1.6 million in salary steps and cost increases next year.

Superintendent Tom Deighan says the buildings have been appraised and that the district will begin considering sealed bids for them as soon as they're received.

___

Information from: The Lawton Constitution, http://www.swoknews.com

Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

The Associated Press

    SIGN UP FOR THE KSL.COM NEWSLETTER

    Catch up on the top news and features from KSL.com, sent weekly.
    By subscribing, you acknowledge and agree to KSL.com's Terms of Use and Privacy Policy.

    KSL Weather Forecast