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Pennridge board warns of multi-year budget squeeze after late state budget, cites cyber-charter impact
Summary
Board president warned a late state budget and higher cyber-charter funding will produce a multi-year shortfall, citing more than $100,000 in lost interest revenue and $6 million in annual debt service; district asked for three-year financial projections.
Board President Mr. Wuerz opened the Nov. 17 meeting by warning that the district faces a multi-year budget shortfall after the state—s delayed budget ratification and rising costs tied to cyber-charter payments and negotiated contracts. "This lack of action cost the district and our taxpayers over $100,000 because of lost interest revenue," he said, and asked…
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