SAD 4 gets $100,000 more than expected
Bangor Daily News, June 9, 2007

(excerpt) SAD 4 Superintendent Paul Stearns said late Friday afternoon that the district received about $100,000 more in revenues than were originally anticipated. He said about half of the revenues were Medicaid payments that school officials were not sure would be paid this year or next. He said it initially had appeared the district would have about $200,000 in unanticipated carryover [or surplus] when in fact it will have about $300,000.

"We felt the prudent thing to do was to reduce the carryover by $100,000 and lower the tax rate," Stearns said of reducing the local additional funds, which are raised through property taxes without a state match. "We just feel the right thing to do is to use that to lower the tax assessment."

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