Deal could allow Memphis schools to open on time

By the Associated Press | July 22, 2011 | 11:29 AM EDT

MEMPHIS, Tenn. (AP) — Memphis officials have reached a deal that could allow the city's schools to open on time.

The school board had said it was delaying the start of classes indefinitely because it needed $55 million owed by the city. The funds have been the subject of a long-running dispute.

On Thursday, Mayor AC Wharton and Board President Martavius Jones announced an agreement in which the city would pay $15 million by Aug. 15 and the remainder in monthly installments.

The full school board still must approve the plan, and Jones called a special meeting to consider it Friday night.

The Commercial Appeal newspaper polled board members after the announcement, and five of the nine said they would support the proposal.