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North Penn business manager: state, federal budget delays creating uncertainty though district cash position remains strong
Summary
Business Manager Miss Houser told the board the state had gone 106 days without a budget and the federal government 14 days; she said the district’s cash position and property-tax receipts remain strong but warned that delayed state payments could slow future cash flows and affect partner agencies that rely more heavily on state funding.
At the board’s work session Business Manager Miss Houser updated trustees on state and federal budget delays, saying the district’s immediate cash position remained stable but the timeline for resumed state payments is uncertain.
"As of today, we are 106 days without a state budget, and we are 14 days without a federal budget," Miss Houser said. She told trustees the state has allowed the district to remit only the employer portion of pension payments for now and…
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