Oct. 18 is the date the absence of a state education budget will really have a big impact on Sharon schools.

That is the day the cash flow for the district will be in the negative numbers, said Business Manager James Wolf.

On Wednesday, Wolf gave school directors a summary of the cash flow through the end of October. By Oct. 18 the district will be $100,000 short on cash, and the next week it will be $350,000 short, Wolf said.

The first big payroll is in September, and there is enough money to cover this month, he said.

The district normally received a $1.6 million payment from the state Department of Education on Aug. 28 and a second payment at the end of October, Wolf said.

Wolf made several suggestions to directors to help with money in the future including taking out a tax anticipation note, borrowing against other funds or using the budgetary reserve.

Early tax collection this year has been a good thing, especially with the current budget situation, Wolf said. He said nearly $2.6 million has been collected since the end of August.