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Jenkintown SD reports 95% tax collection rate; state budget delay cited as short‑term risk
Summary
District finance staff told the board tax collections are up about 10% year‑over‑year with a roughly 95% collection rate; staff noted the state budget remains delayed (~105 days) but said current cashflow should cover obligations through January.
Lou, the district finance staffer, told the Jenkintown SD board at its Oct. 13 work session that tax collections are stronger than a year ago and the district is roughly 95% collected.
"Our tax collection compared to this time last year is up by 10%... We are currently at 95% collection rate," Lou said, adding that the district's capital project balance…
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