The Olmsted Falls City School District submitted an application to the Federal Reserve Bank of Cleveland requesting federal funds in the amount of $100,000,000 through the Troubled Assets Relief Program (TARP) Capital Purchase Program (CPP), part of the U.S. Department of Treasury’s Emergency Economic Stabilization Act. The District's economic stimulus package request includes funding for job creation (for idle construction workers and tradesmen), local tax relief (for residents of the District), and providing students with proper educational facilities. For details, please download the official press release located at the bottom of this page.
To review news coverage, we invite you to utilize the following links and video clips:
The News Sun (12-4-2008)
(Also See Downloads of Additional Print Coverage Below.)
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