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In contrast to the past several years, the Vandalia Board of Education on Tuesday received good news on the financial front.
Superintendent Rich Well told the board that the state made its fourth quarterly categorical payment to the district before the end of the fiscal year on June 30.
That on-time payment leaves the district with an unanticipated windfall of $400,000 in state funding. In recent years, the state had delayed that final payment until mid-July, which means it had to be applied to the next fiscal year’s revenues.
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