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Erie schools say state budget delay forces short-term cash planning
Summary
District finance staff told the board the state budget remained unsigned nearly two months after the June 30 deadline, and the district is considering a state debt-intercept option to preserve cash; operations were described as stable but the delay could affect near-term receipts.
The district’s finance representative updated the board on state-budget uncertainty and short-term cash-management steps.
Finance staff said the state budget had not been finalized "nearly 2 months past the June 30 deadline," delaying routine payments to districts. To manage cash, the state is allowing districts to forego making debt-service payments and…
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