State officials say an accounting error shortchanged the Montgomery County school system by $24 million in lost revenue.
Some of the money ended up going to the 23 other school systems in the state. Gov. Martin O'Malley says he will repay the county through a deficiency appropriation in the fiscal year that begins in July. He says the school systems that were overpaid will be allowed to keep the funds.
The chief administrative officer to County Executive Ike Leggett, Timoy Firestine, says the error occurred when a state employee overvalued the county's real estate by about $16 billion in a so-called wealth formula used to distribute state money to schools.
Bill Redlin reports...
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