In the last two news articles that I wrote about school district finances and teacher contracts, there were errors that needed to be clarified. In the article published in the February 16th edition of the Journal, I mistakenly wrote that the LSSD has a $300,000,000 reserve fund. This is incorrect. In last week’s edition of the Journal (February 23rd), I again, wrote that the LSSD reserve fund is $3,000,000. This is also wrong. The fact is that the LSSD has a reserve fund, as recommended by the Minnesota Association of School Administrators (MASA), that would allow the district to cover three payroll periods (one and a half months) for its employees if for some reason the State was not able to cover its financial obligations to the districts. It is the policy of the Journal and this writer to convey accurate information to our readers. Again, I apologize for these errors and any confusion they have caused.