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Various budget related items approved

June 19, 2014

With the passing of the 2014-15 St. Marys Area School District budget, several items were approved by the school board in conjunction with the budget.
They included the Retirement Reserve Fund budget with expenditures of $449,684. The fund budget is based on budgeted salaries of $11,178,623 for the 2013-14 fiscal year and an increase of 4.47 percent in the employer retirement contribution rate for the 2014-15 fiscal year.

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