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Clarion-Limestone board defers district pension payment as state budget stalemate tightens cash flow
Summary
Facing a statewide budget impasse, the Clarion-Limestone Area SD board voted to withhold the district's portion of employer retirement contributions (about $200,000) until the Commonwealth approves a budget, while administrators pursue a $5 million line of credit and daily cash projections.
The Clarion-Limestone Area School District board voted to direct administration not to pay the district portion of employer retirement fees until the Commonwealth of Pennsylvania approves a state budget, a move trustees said will extend the district's cash runway amid continued uncertainty in Harrisburg.
Board member Beazer moved the measure and it passed by voice vote after extended discussion. Treasurer Vern told the board that withholding the district's contribution, estimated at roughly $200,000, plus other cash-management steps would push the district's projected out-of-cash date from early December toward mid-December. "We're looking to secure $5,000,000 line of credit to draw down beginning in December and till this budget is rectified," Vern said, adding that staff is maintaining a daily projection spreadsheet and would share it with trustees.
The vote followed repeated reports that the state budget remains unresolved. Board member Gary Sprolf said the Legislature had met…
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