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North Hills says district remains stable despite Pennsylvania budget impasse but will lose earned interest revenue
Summary
Finance committee members told the board that, although the state has not passed a budget, the district remains financially stable and has sufficient operating cash to carry into next year; the superintendent warned the budget impasse is reducing expected earned interest revenue and could negatively affect revenue projections.
Board member Missus Elwood provided a finance update at the Oct. 2 committee meeting and said North Hills School District remains financially stable and retains sufficient operating cash flow to carry the district into the next calendar year despite the Pennsylvania state budget not yet being passed. Elwood presented items proposed for the legislative meeting agenda including general fund…
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