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Reading School District says error's left it $15 million short

Written by The Associated Press | Jan 5, 2013 4:21 PM

(Reading) -- The Reading School District says an accounting error has left it short more than $15 million.

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Board President Robert F. Heebner Jr. says revenues for the 2010-11 school year were overstated by about $15.6 million. The mistake was uncovered by district auditors.

School administrators are still working to learn more about how it happened.

The board's vice president, Pierre V. Cooper, says it's not clear what the impact will be. But officials say the district will be able to make payroll, and they're confident that taxpayers won't be hurt.

Three lawmakers are demanding a state audit of the district.

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