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Finance committee flags state budget delay, possible short-term borrowing and METS food-service update
Summary
Finance committee noted the ongoing state budget impasse could delay roughly $36 million in state payments and said the district may need a tax-revenue anticipation note; METS presented food-service changes, participation numbers and $25,163 in catering revenue for Aug–Oct.
The Whitehall-Coplay finance committee said the ongoing state budget impasse threatens the district's cash flow and may force short-term borrowing if state payments are delayed.
Finance staff said the district is awaiting approximately $36,000,000 in state funds and could exhaust its fund balance in February or March if payments do not arrive. Staff outlined the option of working with PFM or banks…
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