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Carlisle Area School District says state budget impasse delays about $8.3 million; board approves $8.46 million in September expenditures
Summary
District officials told the board that the ongoing Pennsylvania state budget impasse has left roughly $8.3 million in state payments unpaid; the board approved September expenditures and reviewed cash-position adjustments and investment strategy.
Carlisle Area School District officials on Thursday told the board that the ongoing Pennsylvania state budget impasse has delayed roughly $8.3 million in expected state payments, prompting the district to use reserves and adjust short-term cash strategy while continuing normal operations.
Mike Statler, director of business operations, summarized the district’s treasury and investment reports and said the district has received about $1 million of the roughly $6.1 million it would normally have received by this point in the fiscal year,…
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