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Abington finance director reports August revenues, flags state budget impasse impact on subsidies
Summary
The district reported $92.88 million in revenues through Aug. 31 and noted only half the expected state property tax reduction payment had been released because of a state budget impasse; administration expects September collections will close the gap.
The Abington School District’s finance director told the board on Sept. 30 that through Aug. 31 the district had collected $92,881,216 in revenues and that real estate tax receipts totaled $86,136,303, with staff noting a timing pattern the district expects to correct in September.
Assistant business official Miss Denicola summarized the August report: “As of August 31, we have collected revenues totaling $92,881,216. This includes $86,136,303 in real estate taxes.”…
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