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Pier school committee has a $500,000 surplus

April 30, 2014

On Monday, Narragansett Superintendent Katherine Sipala announced that the school committee has a $500,000 surplus.

NARRAGANSETT – During a public hearing on the school and town budgets Monday, Superintendent Katherine Sipala explained to the town council why the school committee has a $500,000 surplus.

The town council previously questioned whether the school committee could access the surplus instead of requesting $357,000 from the town to cover half of the $720,000 the school committee is being asked to contribute to fund the town’s annual required contribution, or ARC, for its pension system.

For the rest of this story and more local news, pick up a copy of the Narragansett Times.

Southern Rhode Island Newspapers
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