Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Sto‑Rox SD hears July financial report, warned state budget impasse is squeezing revenue
Summary
Wasson Company consultant Mike Clam told the Sto‑Rox School District board the district has adequate short‑term cash but is relying on local collections while state aid is delayed by a state budget impasse; July activity ended with roughly $12.2 million in district accounts and July expenses rose about 3–3.4% year over year.
Mike Clam of Wasson Company told the Sto‑Rox School District board on Aug. 21 that the district’s July operating activity left the district with sufficient cash for short‑term needs but that state revenue has dropped sharply because Pennsylvania had not passed a state budget. "We started at just under $13,000,000 and for the monthly activity we ended at $12,200,000," Clam said, and he noted the cafeteria account held about $808,000.
Clam walked the board through the revenue-account summary and July tax collections, reporting $1,093,000 in real‑estate tax receipts for the month and noting…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
