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Board hears district finance update amid state budget impasse; staff lists $3.4M owed and $1.2M in property-tax relief arriving
Summary
District staff reported that, because the state has not passed a budget, the district is owed $3.4 million across several categories and expects a $1.2 million payment of property-tax relief. Staff said the delay has cost the district interest income; the transcript records a $36,000 figure cited as lost interest.
Gateway School District staff told the board on Oct. 2 that the ongoing state budget impasse is affecting district cash flow and planning. A staff presenter said the state has not passed a budget and, as of Oct. 31, the district is owed $3,400,000 for several state funding categories.
The presenter listed categories described in the meeting as special education funding, the National School Lunch/Summer Food Program, PlanCon reimbursement, transportation subsidy, Social Security reimbursement and basic-care funding; the presenter said those items (described as seven categories in the meeting) total $3,400,000. The transcript shows the presenter named six item…
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