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Sto-Rox board reviews Act 1 millage resolution, financial update and federal-account administrator
Summary
Board members heard a midyear finance report showing revenues at roughly 68% of budget and discussed an Act 1 resolution that would limit any millage increase to the statutory index (6.3%); the board also considered designating Miss Hoover as the district’s SAM.gov administrator for federal program accounts.
At the Sto-Rox School District board meeting, members received a midyear financial briefing and discussed a routine Act 1 millage resolution that would cap any future property-tax increase at the state index.
Mister Agnew, who presented the budget-to-actual report, said revenues are about 68% of what was budgeted and expenses are roughly 40%, noting the district has reached the fiscal midpoint. “Anytime we put out projections, they are just that,” he said, adding staff will continue to monitor how the…
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