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Abington SD finance director reports revenue gains, spending freeze; residents press tax impact
Summary
The district reported year-to-date revenues of $159.14 million and spending down about $1 million; administration described a spending freeze and two-year cost plan while residents asked about proposed tax increases and fund-balance use.
Miss Denicola told the Abington Board of School Directors on March 24 that as of Feb. 28 the district had fiscal-year-to-date revenues of $159,141,494 compared with $156,182,451 during the same period last year, an increase of roughly $2.95 million. Expenditures as of Feb. 28 were $111,429,721, a decrease of about $1,000,000 (2.89%) from the prior year.
Denicola said part of the revenue increase came from local…
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