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Special meeting to focus on additional state money

Published July 12. 2011 05:01PM

Palmerton Area School District must decide how to make use of additional money it received from the state.

Exactly what capacity the district plans to utilize the extra state funds figures to be determined when the school board holds a special meeting today at 5 o'clock.

Superintendent Carol Boyce said the purpose of the meeting is to discuss the disposition of the additional state funds.

"It's PlanCon money from construction," Boyce said. "The state is reimbursing us."

However, Boyce cautioned that the funds are a once-and-done compensation.

"It's one-time money; it does not come on a regular basis," she said. "It's strictly reimbursement for construction, couple of PlanCon installments."

Last month, the board, on a 5-4 vote, agreed to adopt the 2011-12 budget in the amount of $26,595,297.

The budget calls for a 12.6-percent, or 5.506-mill increase, that will raise the millage rate from 43.64 to 49.14 mills.

That means a person with a home valued at $100,000 and assessed at $50,000 will pay $2,457, or $277 more in property taxes to the district next year.

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