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Business office reports budget posture, Act 1 index estimate and AA2 bond rating; IT and facilities updates discussed
Summary
District finance staff presented year‑to‑date revenues and expenditures, estimated an Act 1 index adjusted cap at 4.4%, reported an AA2 bond rating, and briefed the board on IT network and a facilities peer review contract.
The Susquehanna Township School District business office updated the board on year‑to‑date budget performance, the Act 1 adjusted index estimate, bond proceeds management and capital‑project planning.
The business official said local revenues (largely real‑estate tax receipts) continued to provide the bulk of receipts while state and federal revenue flows were incomplete. "When you compare last year at this time… we had received up until that period 58.18% of our revenues. Compared to this year, we're at 50.75% — and…
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