Lampeter-Strasburg School District will see $1.2M surplus this year

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Lampeter-Strasburg School District will see $1.2M surplus this year

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Lampeter-Strasburg School District will see $1.2M surplus this year

//business-finance.news-articles.net/content/202 .. ol-district-will-see-1-2m-surplus-this-year.html

Published in Business and Finance on Thursday, February 13th 2025 at 14:40 GMT by LancasterOnline

The Lampeter-Strasburg School District is projected to end the current fiscal year with a $1.2 million surplus, largely due to savings from unfilled staff positions and lower-than-expected health insurance costs. The district's business manager, Keith Stoltzfus, highlighted that while the district has been cautious with spending, the surplus also reflects conservative budgeting practices. This financial cushion allows the district to consider future investments in educational programs and infrastructure without immediate financial strain. However, the district plans to use some of these funds to address upcoming expenses, including a significant increase in special education costs and potential capital projects.

Read the Full LancasterOnline Article at:
[ https://lancasteronline.com/news/regional/lampeter-strasburg-school-district-will-see-1-2m-surplus-this-year/article_c14eecee-ea3d-11ef-8de9-6b72210c4c5f.html ]

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Lampeter-Strasburg School District will see $1.2M surplus this year