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Mount Lebanon treasurer reports midyear budget adjustments; district shows projected $789,256 deficit
Summary
Treasurer's report for December shows lower realty transfer tax revenue, adjustments to delinquent tax collections, a projected $789,256 deficit for 2024–25 and a preliminary 2025–26 budget on display; board was also asked to authorize joining litigation related to insulin overpricing.
The Mount Lebanon School District’s treasurer reported Dec. 31 cash and investment balances and midyear budget adjustments at the Jan. 13 meeting, projecting a $789,256 deficit for the 2024–25 fiscal year and presenting the 2025–26 preliminary budget (on public display for 30 days).
The treasurer’s report included a four‑page summary of cash positions, a schedule of receipts and disbursements and a listing of investments with beginning and ending balances as of Dec. 31, 2024. The district’s projected expenditures for 2024–25 were shown at about $121,000,000; revenues were adjusted downward from the adopted budget to reflect current collections and refunds.
Key revenue changes cited in the presentation included a $190,000 downward…
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