Wilkes-Barre Area Agrees to Four-Year Deficit Repayment
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Description
The board approved a Memorandum of Understanding with Wilkes-Barre Area School District to amortize its share of the 2024-2025 CTC budget deficit over four years. The district will make four equal annual payments between 2026 and 2029.
Contract Details
Vendor
WILKES-BARRE AREA SCHOOL DISTRICT
Agency
Wilkes-Barre Area Career & Technical Center, PA
Contract Type
FINANCIAL_SERVICES
Document Date
May 18, 2026
Contract Term
Repayment over four fiscal years (2026-2029) for 2024-2025 deficit
Renewal Date
2029-06-30
Renewal Info
Non-recurring agreement governing repayment schedule for the 2024-2025 deficit.
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Wilkes-Barre Area Career & Technical Center J.O.C. Agenda May 18 2026
Wilkes-Barre Area Career & Technical Center J.O.C. Agenda May 18 2026
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