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GRAIN VALLEY R-V board approves budget amendment adjusting collection rate, bond spending
Summary
The Grain Valley R-V Board of Education approved a budget amendment reducing the projected local tax collection rate and reflecting additional bond spending; board members discussed state tax changes and timing of receipts but took no further fiscal action.
The Grain Valley R-V Board of Education voted to approve a budget amendment that lowers the district's projected local tax collection rate and records additional bond spending.
The amendment reduces the collection-rate assumption from 97 percent to 95 percent and recognizes $327,000 in spending from the spring 2023 bond issue. Dr. Crowley, who led the presentation, said the district "budgeted 97% collection rate" and "actually ended up with a 94% collection rate at the end of last year,"…
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