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Clay County schools impacted by reserve fund crisis

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Updated: 10/15/2013 8:19 am
CLAY COUNTY, Fla. -- One major issue affecting Clay County schools is the reserve fund crisis. The state is now warning the school board that it needs to make changes. 

Right now, only 2.1 percent of the district's projected revenue sits in reserve funds, well below the 3 percent requirement. If it falls lower, the state can take over the district. 

Another issue in Clay County that will be addressed Tuesday is a pay raise deal for teachers. 

There's been a battle between the Clay County's Teacher Union and the district for months, over how much money should be given to teachers for a raise. If approved Tuesday night, each educator will get $1,500 more. 

In nearby St. Johns County, the situation is much different. 

Superintendent Dr. Joseph Joyner says his school district has been the number one in Florida for five years in a row, and is one of five in the state to earn an "A" for 10 consecutive years.
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