State College District Gets Unforeseen Funding
Posted on: Tuesday, 26 July 2005, 15:01 CDT
Jul. 26--STATE COLLEGE -- The State College Area School District will receive about $51,000 more from the state in the current fiscal year than had originally been expected.
Business administrator Dennis Younkin told the board Monday night that final appropriations from the state for basic education, special education and charter school reimbursement add up to about $51,000 more than originally proposed and about $180,000 more than was received last year. Basic education funding, for example, increased about $114,000, to $5.8 million.
Districts are required to approve budgets for the upcoming fiscal year by the end of June. The state did not pass its budget until July 7, so State College Area used proposed funding as estimates for how much it would get from the state.
The board had the option of reopening the 2005-06 budget to account for the extra state money, but voted not to. The district's budget this year is about $93.2 million. The district receives 83 percent of its revenue from local sources, Younkin said.
Also Monday, Superintendent Patricia Best told the board that construction of Park Forest Elementary School is on schedule. The new school, which is being built on the site of the old one, will open this fall.
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Source: Centre Daily Times (State College, Pa.)
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