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Princeton treasurer says revenue mix changing, urges voter support as tangible personal property tax phases out
Summary
Chris Petter, Princeton City Schools treasurer, told listeners that a key revenue source is phasing out and that the district will likely need voter support to maintain programs; she also said 70% of students are classified as economically disadvantaged by the state.
Chris Petter, treasurer for Princeton City Schools, told Viking Voices that the district’s revenue mix is shifting and that a previously important source — the tangible personal property tax — is “completely phasing out over the next few years.” She said the change will require the district to consider asking voters for additional local support to sustain programs that currently rely on that revenue.
“Tangible personal property tax is something that many people…
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