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Keystone Oaks officials warn state budget delay could pinch district cash flow
Summary
School leaders said the ongoing state budget impasse and delayed state pass-throughs are squeezing district cash flow; officials flagged late local tax deposits and urged the board to track longer-term costs of repeated budget hold-ups.
Keystone Oaks School District officials told the board that a prolonged state budget impasse is delaying funds and creating cash-flow risks for local districts.
Superintendent: “For the August, we had $10,000,000 come in locally,” the superintendent said, noting the district has received some local receipts but that state-held pass-throughs and remaining state payments are unresolved. He and board members said federal funds routed through the state are being held until a state budget is approved and that…
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