Obert said he hoped the state would come through with more funding. Still, the increased state and federal funds do not cover the district’s losses, especially when combined with the increased costs it will have to pay to sanitize the schools before and when students and staff return to classes in the fall. The federal government is expected to give the district $4.21 million, including $1.96 million in CARES Act funding to assist with the coronavirus crisis. The district expects a $4.28 million decrease in the amount of local revenue it will be able to generate for the next school year from real estate and other taxes as well as a $500,000 loss in investment revenue due to stock market declines, bringing the total local revenue to $88.36 million.īut the state is only increasing its contribution to the school district by approximately $60,000 to $46.58 million. “Our biggest consternation is the uncertainty of the effects of COVID-19.” “Us along with the rest of the world are in a hole financially,” said Gallus Obert, a school board member. If the Bristol Township School Board moves ahead with the budget its business manager presented last week, no tax increase is anticipated when it adopts the $146.48 million budget June 24.īut that means that the school board will need to take $7.32 million from its $26.27 million reserve fund to fill a deficit of the same amount, caused in part by losses sustained this year due to the coronavirus pandemic.
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