MEMPHIS, TN (WMC) - The City of Memphis and Shelby County Schools reached an agreement over money the city was ordered to pay the school system.
Memphis Chief Administrative Officer George Little says the settlement is for a total of $31.8 million over a number of years. The city will make an $8 million down payment.
In 2008, the schools sued when Memphis City Council cut $57 million from the school district's budget. The city council filed a counter-claim saying the schools actually owed the city money for old loans.
In December 2014, Mayor A C Wharton announced the city would pay SCS the $57 million.