Committee notes $1.22 million state-aid holdback expected in fall
Materials estimated the current-year 10% state-aid holdback at $1,223,214, with prior-year receivable of $39,967; MDE adjustments are expected through June 30.
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Committee materials indicated a prior-year state aid receivable of $39,967 and estimated the current-year 10% holdback at $1,223,214, with payment expected in the fall. The packet stated that MDE will continue to adjust holdback entitlements through June 30.
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