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Saint Mary's Area reports $1.8 million operating surplus, board authorizes TRAN analysis amid state budget impasse
Summary
The district closed fiscal 2024–25 with roughly $1.8 million in revenue over expenditures but faces recurring health insurance overruns and sharply reduced federal funding; the board approved investigating a short-term tax revenue anticipation note and agreed to remain within the Act 1 index.
Saint Mary's Area School District reported a strong year-end position in its annual financial report but warned of continuing fiscal pressure from rising health insurance costs and shrinking federal aid.
Ginger Williams, presenting the district's annual financial report, told the board the district budgeted about $35.7 million in revenue and recorded about $35.8 million in actual revenue and roughly $33.9 million in expenditures, leaving roughly $1.8 million in revenue over expenditures. "So it was a very good position for us to be in," Williams said. She cited an ongoing health insurance overrun of about $576,000 in 2024–25, roughly 14.3% over budget, as a primary unexpected cost.
Williams summarized the revenue mix as about 55% local (primarily real‑estate and earned income taxes), 42% state, and 3% federal, and she described a notable decline in federal funding…
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