More Med/School Money Swap

Published Feb. 18, 2010 at 4:03 p.m.

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.

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