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State facility funds reduce Lakeland levy by $4 million, trustees told
Summary
District officials said Idaho school district facility funds deposited $4 million this year, offsetting property-tax levies and lowering the amount levied from the ballot figure previously approved by voters.
District finance staff told the Lakeland Joint School District board that the district received $4,000,000 this year from the state school district facility fund under recently changed allocations and used it to reduce the local supplemental levy obligation. Assistant Superintendent Jake Massey (presenting financial information) and other staff described how the facility fund—fed by state revenue streams such as portions of lottery and sales tax collections—can offset levies that pay for…
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