Fun on the saga of the money the school system moved to fund balances at the end of FY 2010, in order that it wouldn't revert to the General Fund as such.
First, the legalities. One, the reserves the School Board may keep are set by ordinance - and the reversions give the School Board reserves in excess of the legal limit. Two, the School Board may not legally spend a cent of it without City Council appropriating the money.
Second, the numbers. One, the City faces a $21 million shortfall looking at the FY 2012 Budget. Two, the 11th hour squirreling ($14.5 million) and the Vice Mayor's proposed revision of the funding formula ($9 million) would produce an additional $23.5 million.
You don't have to be a political wonk or mathematician to know what's going to happen....