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District approves financial statements and flags $73 million state funding delay
Summary
Board approved the district’s financial statements and payables list; finance officials said the state is roughly $73 million behind in disbursements the district had budgeted.
The Coatesville Area School District board approved the financial statements and bills payable list at its Sept. 23 meeting.
During discussion, a finance official told the board the district currently shows no year‑to‑date state revenue except for a small amount related to non‑educational programs and said, on the record, that “the state is currently $73,000,000 behind in what we had budgeted for them to allocate to the district.”
The official said local revenues—largely property tax payments taken during the early discount period—have kept the district’s year‑to‑date revenues above expenditures so far. The speaker urged community members to contact state legislators to resolve the state budget impasse.
Board members voted to approve the financial statements by roll call. The board did not discuss specific contingency plans or budget cuts at the meeting but noted the urgency of the state budget resolution to secure the district’s expected revenues.
