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Mercer County Schools project solid reserves but await state ‘‘seat’ funding numbers
Summary
District finance officer presented December financials and a draft budget showing a contingency above 10%, while warning of an unsettled state SEAT/SEEK funding picture that could reduce transportation funding.
Van, the district finance officer, told the Mercer County Board of Education that year-to-date actual revenue through December 2024 was “just under $22,000,000,” a 17% rise from the prior fiscal year, and that the district has budgeted roughly $29,500,000 for the current year. He later presented a draft budget for the next fiscal year that lists total revenue at $28,500,000 and total expenses at $25,800,000.
The draft budget includes a 10.75% contingency and a planned step increase for all current staff that the finance officer said increases salary and fringe costs by about $132,000. “This budget includes…
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