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Northern Lebanon SD reports $1.2M interest, $300K transfer tax windfalls; board approves 5-cent lunch price increase
Summary
The school board was told the district received unusually high interest income and a transfer tax payment and approved a 5-cent increase in school lunch prices; officials said they remain able to pay bills despite a state budget impasse.
Northern Lebanon School District officials told the board Tuesday that the district’s local revenues exceeded expectations last fiscal year, led by unusually strong interest income and a transfer tax payment tied to a commercial property sale.
Director Krieser said the district earned about $1,200,000 in interest income during the 2024–25 fiscal year, and that real estate tax collections—current and delinquent—came in more than $500,000 above budget. She said a transfer tax…
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