posted by Joe Polk at 12:45 AM /
About 40 percent of school districts will be forced to weather the state budget impasse without help from their surplus money, according to an agency representing school financial officers.
"Because of the economy, districts who didn't want to use that money last year had to in order to balance their budgets," said Jay Himes, director of the Pennsylvania Association of School Business Officials. "Crisis hasn't set in yet. The real panic mode will be at the end of this month."
Wealthier districts that receive less from the state, such as Mt. Lebanon, won't feel much impact. Mt. Lebanon relies predominantly on local tax revenue, according to Jan Klein, business director for the district. Klein said officials will pull from investment plans if needed, rather than seek loans, to make up any difference.
Link: www.pittsburghlive.com/x/pittsburghtrib/s_638727.html
"Because of the economy, districts who didn't want to use that money last year had to in order to balance their budgets," said Jay Himes, director of the Pennsylvania Association of School Business Officials. "Crisis hasn't set in yet. The real panic mode will be at the end of this month."
Wealthier districts that receive less from the state, such as Mt. Lebanon, won't feel much impact. Mt. Lebanon relies predominantly on local tax revenue, according to Jan Klein, business director for the district. Klein said officials will pull from investment plans if needed, rather than seek loans, to make up any difference.
Link: www.pittsburghlive.com/x/pittsburghtrib/s_638727.html
Labels: pa state legislature, school district, state budget
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