This week I wrote about a plan to basically swap funding for MCS and the Med.
The city would take on the $30 million in annual funding that the Med needs, while the county would slowly take over the funding the city has been giving to MCS.
As councilman Reid Hedgepeth said at a recent Memphis City Council meeting:
“We’ve got $38 million we tried to give away two weeks ago. The school board did not accept the money,” he said. “We have $38 million we’re going to give to someone. We want to get out of the school business.”
The city and county have had a long, thorny relationship with funding their joint entities.
Take, for instance, $12 million in emergency funding for the Med.
