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Finance director reports steady revenues but flags federal funding risks
Summary
Finance staff told the Seaford board the district's revenue is roughly $65 million with tax collections near 95% of the benchmark; staff warned potential federal funding changes (including Title III) could shift costs to local funds and said they will return with proposed adjustments if needed.
District finance staff presented a budget and revenue update at the March 23 meeting, saying revenues are roughly $65 million and tax collections have reached about 95% of the measured benchmark. The staff noted approximately $8.2 million in extended items and roughly $9 million when certain…
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