Slippery Rock Area School District considers borrowing options in absence of state funding
PROSPECT — Slippery Rock Area School District is able to keep itself afloat for now, but with no movement on a state budget in sight, its leaders are poised to find additional funds elsewhere.
The school board voted in a 9-0 decision Monday, Oct. 13, to authorize Paul Cessar, the district’s business manager, to explore borrowing options “as a means of financing the district’s financial obligations,” according to the motion.
While no board member commented on the motion before the vote, board president Diane Double and Superintendent Alfonso Angelucci said after the meeting they hope a state budget is passed soon.
Cessar said Monday the district is on solid financial footing for the meantime, but by the end of the year, cash flow will begin to become an issue. He estimated that, thus far, the district has lost somewhere between $3 million and $4 million in missed payments.
Pennsylvania still has not approved a 2025 state budget, which, by law, should have been in place by June 30.