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Cheltenham finance panel reviews state budget windfall, cautions about timing and restrictions
Summary
A staff presentation to the Cheltenham School District finance committee flagged a surprise $1.1 million addition to the state "ready to learn" foundation grant and extra tax‑equity money, but officials cautioned that late passage and program rules mean funds may arrive late or be restricted to certain uses.
An administration presenter told the Cheltenham School District finance committee on Dec. 2 that the recently enacted Pennsylvania state budget contained unexpected increases to the district's foundation funding and two separate $1.1 million allocations that will affect the district in different years.
The presenter said the district has collected $112,000,000 in local, state and federal revenues through November, compared with $115,000,000 a year earlier, and that federal passthroughs have been delayed: "At this point in time, only having $9,500 received from the federal government passed through the…
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