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Economy Hurting Local Schools
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COLUMBIA - The economic crisis has officially made its way to the Columbia School District.

As Wall Street continues to behave unpredictably, the district is looking to protect its finances.

On Monday at 7 p.m. the School Board will discuss the option of moving some of its investments into certificates of deposits at local banks. Officials said interest earnings are down, and they want to be able to have every option possible for safely investing the district's money.

In a typical month the district might earn $27,000 in interest on its investments. Last month that gain was $6,000.

"The interest rates have dropped and part of our budget process was included the interest we would make on the funds that we do have, and so absolutely this is causing us to receive less interest which is causing our budget to be a little out of balance," Assistant Superintendent Dr. Lynn Barnett said.

Also on the agenda, the much discussed new math curriculum is up for a vote. That would affect grades Kindergarten through fifth and sixth through eighth.

The board will also hear a presentation from a superintendent search firm. This is the first firm to speak to the board about the hunt for Phyllis Chase's replacement.

Board members still have to decide whether to use a search firm or conduct the search themselves.

Reported by: Carly Robertson
Posted by: A. J. Bayatpour

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