MOUNT VERNON — The Mount Vernon Board of Education met in open session for a work session on Saturday, Jan. 12, to make a comprehensive review of the school district’s current financial status, understand the factors that are unknown at this time that will have an effect on the financial projections and discuss the need for and amount of a levy to be on the May 7, 2013 ballot.
Superintendent Steve Short said that due to the mid-year cuts that are currently being implemented, the projected carryover for this fiscal year has been increased from approximately $700,000 to $1.2 million. This amount will be just enough to cover expenses through the early part of July. Second half tax receipts are received by the district after July 1.
For the rest of the story
The rest of this article is available to Mount Vernon News subscribers. To continue reading, please log in or purchase a subscription. Click here for the January 17, 2013 e-edition. The article will only be available for thirty (30) days.
Contact Pamela SchehlEmail
Copyright 2009 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.