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Finance update: delinquent-tax collections, bond rating and grant/MOU items presented to board
Summary
Finance director Wright reported delinquent real-estate tax collections early in the year and outlined efforts to preserve the district’s S&P rating ahead of a $45 million borrowing; Dr. Perry presented MOUs with the Allegheny Intermediate Unit and Title I nonpublic agreements and requested approval for staff to attend an Apple briefing (registrations paid by Apple; district covers travel).
Finance director Wright told the committee that delinquent real-estate collections are underway for the fiscal year and cited a budget figure of about $1,147,000 for delinquent-tax collections; he reported $275,006.65 collected so far and emphasized that maintaining a stable S&P rating matters for future…
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