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Anthony School District officials say Nexus settlement will add about $5.5 million to this year’s revenues
Summary
The district’s treasurer told the Anthony Board of Education that a long-standing Nexus payment dispute is resolved and the district expects roughly $5.5 million in one-time payments this fiscal year, improving its near-term forecast and bond-refinancing outlook.
Carrie, the district treasurer, told the Anthony Board of Education on Aug. 7 that a previously unresolved tax-payment dispute with a utility company known in the transcript as “Nexus” has been settled and the district will receive about $5.5 million in payments this fiscal year. The treasurer said those receipts and expected recurring payments ― roughly $3.1 million a year thereafter, by her account ― have a positive effect on the district’s forecast and cash balance. The settlement and the timing of payments “has a very positive impact on the five-year forecast,” the treasurer said during the board meeting. She described prior receipts dating back…
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