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School committee approves South Shore Educational Collaborative capital reserve account
Summary
The School Committee voted unanimously to approve the South Shore Educational Collaborative’s request that member districts establish a capital reserve account to save surplus tuition revenue for future facility work, with a proposed maximum cumulative balance of $4,000,000.
The School Committee unanimously approved a request Dec. 8 to establish a capital reserve account for the South Shore Educational Collaborative (SSEC) that allows the collaborative to retain and save budget surpluses for future facility and vehicle needs.
Mike Lowe, representing the collaborative, told the committee that DESE guidance encourages member districts to…
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